Dubai’s economy rises 2.1% YoY in H1 2019 boosted by real estate, retail

Dubai's economy rose by 2.1% year-on-year (YoY) to a GDP of $56.68bn (AED208.2 bn) at constant prices in H1 2019, buoyed by a strong wholesale and retail sector, as well as manufacturing, real estate and construction activity, according to data released by the Dubai Statistics Centre (DSC).

The wholesale and retail sector, which contributed 25.5% to Dubai’s GDP, grew 3.3% in H1 2019, compared to the same period in 2018, while external trade grew by 17.7% YoY to $20.69 (AED76bn).

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