UAE - Mubasher: Dubai has witnessed a 6.3% growth rate in its gross domestic production (GDP) at constant prices in the first nine months (9M) of 2021, when compared to the year-ago period, the Dubai media office reported.
This economic acceleration is driven by the 17.8% growth in Dubai's GDP at constant prices in the second quarter (Q2) of 2021 and 6.3% growth in the third quarter (Q3), as shown by cited data released by Dubai Statistics Center (DSC).
The trading sector, which accounted for 25.4% of the emirate's economy, grew 7.6% year-on-year (YoY) in 9M-21, representing 30% of the total growth achieved.
Meanwhile, the real estate sector saw a boom in ‘value added’ of 23.3% in the January-September period of 2021, contributing 9.2% of GDP and an added value of AED 27.2 billion.
