Dubai Unveils Record 2025-2027 Budget with Major Infrastructure Investments

November 08, 2024

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Dubai Market Trends & News

Dubai has set a new benchmark with its largest-ever government budget, allocating an impressive AED 272 billion (USD 74 billion) from 2025 to 2027. This ambitious budget aims to sustain the Emirate’s robust growth trajectory and significantly enhance its infrastructure to meet the increasing demands of a rapidly expanding population. In 2025 alone, AED 86.26 billion (USD 23.5 billion) is earmarked, with nearly 46% of the spending dedicated to transformative infrastructure and construction projects.

The announcement was made by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, who emphasized the government’s commitment to financial sustainability. 

"Today, we approved the Dubai government budget for 2025-2027 with revenues of AED 302 billion and expenditures of AED 272 billion, the largest in the emirate’s history. The goal is to create financial sustainability for the Dubai government," he stated. 

Among the key initiatives is the development of a new terminal at Al Maktoum International Airport, a project approved by H.H. Sheikh Mohammed earlier this year. With a budget of AED 128 billion (USD 35 billion), the expanded airport will boast the capacity to handle up to 260 million passengers annually, positioning itself as one of the largest aviation hubs globally and a catalyst for economic growth.

Furthermore, the 2025 budget allocates 6% towards enhancing public services, innovation, and scientific research, reinforcing Dubai's ambition to lead in creativity, excellence, and sustainable development.

“Next year’s budget will achieve an operating surplus of 21 percent of total revenues for the first time. The goal is to create financial sustainability for the Dubai government,” H.H. Sheikh Mohammed said.

Dubai’s Vision for Growth: A Hub for Global Business, Innovation, and Talent

Dubai has established itself as a leading trade, tourism, and business hub in the Middle East, attracting businesses and talent from around the globe. Key drivers of this growth include flexible visa schemes, extensive infrastructure investments, and a robust economic diversification program. The emirate's commitment to these initiatives continues to solidify its position as an attractive destination for both companies and skilled professionals.

In recent years, Dubai’s economic sectors have embraced cutting-edge technology, with the government introducing various initiatives to help businesses and residents adopt these innovations. This push aligns with Dubai's vision of preparing its economy for a sustainable and tech-forward future.

In the 2024 Global Cities Index, Dubai and Abu Dhabi were jointly ranked first worldwide for ease of entry for global talent, underscoring the UAE's commitment to creating a welcoming environment for professionals from around the world. Additionally, Dubai remains the world’s top

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