‎UAE economy rises 3% to AED 485B in Q1 2026

‎<p class="ckeCaption" ><span ><span class="ckeCaption" ><img src="https://argaamplus.s3.amazonaws.com/a210be9c-478d-4749-bb21-23bd7d81b7d1.jpg" ></span></span>Several economic activities recorded growth in Q1 2026.</p> <hr> <p>The UAE’s real GDP grew 3% in Q1 2026 to AED 485 billion at constant prices.</p> <p><br> Non-oil GDP increased 4.8%, raising its contribution to 79.4% of the national economy, WAM reported. This reflected continued strength in non-oil economic activities, despite regional challenges that affected the first quarter, which impact was contained to a limited number of sectors, without influencing the overall economic growth trajectory.</p> <p></p> <p>The contribution of non-oil activities to GDP rose to 79.4% in Q1 2026, compared to 78.0% in a year earlier period.</p> <p></p> <p>Several economic activities recorded growth in Q1 2026 compared to the same period last year, with financial and insurance activities leading at 17.3%, followed by construction activity at 8.1%, while information and communications activities grew by 5.9%.</p> <p></p> <p>Data also showed notable growth in a number of other activities: real estate activities grew by 4.8%, public administration, defense, and compulsory social security by 4.5%, while wholesale and retail trade activities grew by 2.6%.</p> <p></p> <p>In terms of actual contribution to growth, financial and insurance activities topped the contributors list with 2.44 percentage points to non-oil GDP growth, followed by construction with 1.04 percentage points, wholesale and retail trade at 0.42 percentage points, and real estate activities at 0.36 percentage points.</p>

Publication

Argaam - UAE News · Trade Publication

Published

4th August 2026

Original report

argaam.com

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