His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has authorised the Authorities of Dubai’s basic finances cycle for the fiscal years 2026-2028 with a complete expenditure of AED302.7 billion (US$82.42 billion) and complete revenues of AED329.2 billion (US$89.64 billion) – the most important within the emirate’s historical past.
Sheikh Mohammed additionally authorised the overall finances for the fiscal yr 2026.
Funds for the three-year cycle aligns with Dubai’s ambitions to advertise sustainable financial development, improve group well-being, and solidify its popularity as a land of alternative and innovation.
Dubai’s estimated expenditure for the fiscal yr 2026 is AED99.5 billion (US$27.1 billion), whereas revenues are projected at AED107.7 billion (US$29.33 billion), together with basic reserves of AED5 billion (US$1.36 billion).
Through the implementation of the 2026–2028 cycle, Dubai’s Division of Finance (DOF) expects to realize an working surplus of as much as 5 per cent of the emirate’s projected GDP for 2026.
The finances displays Dubai’s dedication to supporting growth tasks, stimulating macroeconomic development, and realising the goals of the Dubai Plan 2033 and the Dubai Financial Agenda D33.
It prioritises social companies and the event of well being, training, tradition, and infrastructure tasks, allocating funds based on strategic priorities.
Folks-centric growth is on the coronary heart of the finances, with 28 per cent of complete expenditure allotted to the social growth sector overlaying well being, training, scientific analysis, housing, household welfare, youth, sports activities, seniors, retirees, and folks of willpower.
Infrastructure investments, additionally conserving its residents in thoughts, will kind 48 per cent of complete expenditure and embody roads, bridges, tunnels, public transport, sewage methods, parks, renewable vitality amenities, waste administration, and repair buildings.
The federal government additionally allotted 18 per cent of complete expenditure to the safety, justice, and security sector, making certain it stays one of many emirate’s globally recognised strengths by way of enhanced preparedness and operational excellence.
Six per cent of the full spending is allotted to authorities growth initiatives that help efficiency enhancement and promote a tradition of excellence, innovation, and creativity.
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Government Council of Dubai, mentioned: “Dubai’s basic finances cycle for 2026–2028 offers a monetary roadmap that accelerates its ambitions to reinforce the expansion of its key sectors and solidify its place as a world financial centre.
“This finances displays the imaginative and prescient of His Highness Sheikh Mohammed bin Rashid Al Maktoum to advance the emirate’s strategic goals, most notably doubling Dubai’s GDP and positioning it among the many world’s prime three city economies inside the subsequent decade, whereas sustaining a balanced strategy between bold development and financial stability, supported by prudent fiscal insurance policies.
“The finances reinforces our dedication to future-focused sectors and ushers in a brand new part of knowledge-driven, innovation-led development within the digital economic system. It expands alternatives for native entrepreneurship and helps a high-growth atmosphere throughout all key sectors. The fiscal sustainability and competitiveness mirrored on this finances additional improve Dubai’s enchantment to world buyers and innovators, laying a robust basis for the emirate to understand its long-term aspirations and construct a affluent future.”
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, added: “The approval by His Highness Sheikh Mohammed bin Rashid Al Maktoum of the most important finances in Dubai’s historical past for the 2026-2028 cycle sends a transparent message that Dubai’s journey of progress is pushed by limitless ambition and a future-focused imaginative and prescient, and that the well-being and high quality of lifetime of Dubai’s residents stays the final word focus of all the federal government’s initiatives.
“This finances can be a reminder that the long run is being formed at the moment in Dubai, and that town is constructed to encourage, lead, and regularly set new benchmarks in city growth.
“This largest fiscal cycle within the emirate’s historical past demonstrates the energy of the Dubai Authorities’s monetary framework and its planning capabilities. It serves to reinforce the effectivity of presidency spending, maximise the financial returns on public investments, and preserve excessive ranges of resilience within the face of world transformations. Dubai has adopted a disciplined fiscal strategy that helps the emirate’s sturdy monetary place and strengthens investor and market confidence in its means to proceed endeavor long-term growth tasks with out compromising its monetary stability.
“Below the steerage of His Highness Sheikh Mohammed bin Rashid Al Maktoum and the follow-up of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, authorities groups will proceed to understand this forward-looking imaginative and prescient and work collectively throughout all sectors to make sure Dubai stays essentially the most lovely metropolis, one of the best metropolis to stay in, and one of the best place to go to on the planet.”
