Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, said the new budget confirms the emirate's 'interest in promoting sustainable economic growth'. Photo: UAE Presidential Court
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, said the new budget confirms the emirate's 'interest in promoting sustainable economic growth'. Photo: UAE Presidential Court
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, said the new budget confirms the emirate's 'interest in promoting sustainable economic growth'. Photo: UAE Presidential Court
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, said the new budget confirms the emirate's 'interest in promoting sustainable economic growth'. Photo: UAE Presidential Court

Dubai unveils largest budget for next three years with spending of $74bn


Alvin R Cabral
  • English
  • Arabic

Dubai has unveiled its largest government budget for 2025-2027, with spending of Dh272 billion ($74 billion) that is designed to meet the emirate's future economic strategy.

In 2025 alone, expenditure is pegged at Dh86.26 billion, with nearly half – 46 per cent – to be spent on infrastructure, including roads, bridges, transportation systems and renewable energy facilities, as well as the announced Al Maktoum Airport development, as it looks to manage a population boom.

The city welcomed at least 100,000 new arrivals last year and plans to grow from 3.8 million today to 5.8 million, or more, by 2040.

Revenues for the fiscal year 2025 are projected at Dh97.66 billion, with a general reserve of Dh5 billion.

“Today we approved the Dubai government budget for 2025-2027 with revenues of Dh302 billion and expenditures of Dh272 billion, the largest in the emirate’s history,” Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, said on X.

The budget is “a clear expression of the emirate’s determination to support development projects, stimulate the overall economy and achieve the ambitious goals” of programmes including Dubai Plan 2030, the Dubai Economic Agenda (D33) and Quality of Life Strategy 2033, Sheikh Mohammed said.

Up to 30 per cent of the budget is allocated to health, education, social development housing and other community services. About 18 per cent of the budget will be allocated to security, justice and safety.

Around 6 per cent of the budget will be earmarked for public services, government excellence, creativity, innovation and scientific research.

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

Dubai is a major trade, tourism and business centre in the Middle East, attracting businesses and talent from all over the world with more flexible visa schemes, infrastructure spending and its economic diversification programme.

Its economic sectors have further been enhanced by the latest advancements in technology, and the emirate has rolled out initiatives to help businesses and residents adopt these innovations as it prepares for the economy of the future.

Dubai, along with Abu Dhabi, have ranked first globally for ease of entry for global talent in this year's Global Cities Index released last week.

The emirate also remained the world's top destination for greenfield foreign direct investment projects in the first half of 2024, despite challenging global economic conditions, a study from Financial Times' fDi Markets showed earlier this month.

“Dubai is moving towards the future with full confidence. Its financial sustainability is solid, steady and advanced,” Sheikh Mohammed said.

The UAE, the second-largest economy in the Arab world, has maintained strong momentum since bouncing back from the pandemic-driven slowdown.

The country's gross domestic product, which grew by 3.4 per cent in the first quarter of this year, is expected to expand by 4 per cent in 2024 on the back of a boost from its non-oil sector, according to the latest data from the UAE Central Bank.

The non-oil sector is projected to remain strong at 5.2 per cent in 2024 and 5.3 per cent in 2025, driven mainly by efforts to boost foreign investment and continuing structural reforms such as 100 per cent ownership of foreign businesses and tax reforms, the banking regulator said.

Earlier this month, the UAE Cabinet approved the general budget of the Emirates for fiscal year 2025, “the largest” in the country's history, with spending estimated at Dh71.5 billion.

The Union General Budget Plan for next year also projects revenue at Dh71.5 billion, maintaining “a balanced approach between income and spending”, the media office said.

Last month, Sheikh Mohammed said the UAE and Dubai “draw upon a distinctive vision and clear roadmap for development”.

The national focus is set on social, economic and investment priorities and the UAE has “read the future well” by tracking global changes and seizing opportunities, he added.

Sheikh Mohammed also highlighted the UAE’s commitment to fostering an environment conducive to business growth, both for local entrepreneurs and international investors, state news agency Wam had reported.

Defence review at a glance

• Increase defence spending to 2.5% of GDP by 2027 but given “turbulent times it may be necessary to go faster”

• Prioritise a shift towards working with AI and autonomous systems

• Invest in the resilience of military space systems.

• Number of active reserves should be increased by 20%

• More F-35 fighter jets required in the next decade

• New “hybrid Navy” with AUKUS submarines and autonomous vessels

Why your domicile status is important

Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.

Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born. 

UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.

A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.

How to help

Call the hotline on 0502955999 or send "thenational" to the following numbers:

2289 - Dh10

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6025 - Dh20

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Just as McDonald’s has the Big Mac, Jollibee has Spicy Chickenjoy – a piece of fried chicken that’s crispy and spicy on the outside and comes with a side of spaghetti, all covered in tomato sauce and topped with sausage slices and ground beef. It sounds like a recipe that a child would come up with, but perhaps that’s the point – a flavourbomb combination of cheap comfort foods. Chickenjoy is Jollibee’s best-selling product in every country in which it has a presence.
 

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COMPANY PROFILE

Company: Bidzi

● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

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UAE currency: the story behind the money in your pockets
Why are asylum seekers being housed in hotels?

The number of asylum applications in the UK has reached a new record high, driven by those illegally entering the country in small boats crossing the English Channel.

A total of 111,084 people applied for asylum in the UK in the year to June 2025, the highest number for any 12-month period since current records began in 2001.

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The schedule

December 5 - 23: Shooting competition, Al Dhafra Shooting Club

December 9 - 24: Handicrafts competition, from 4pm until 10pm, Heritage Souq

December 11 - 20: Dates competition, from 4pm

December 12 - 20: Sour milk competition

December 13: Falcon beauty competition

December 14 and 20: Saluki races

December 15: Arabian horse races, from 4pm

December 16 - 19: Falconry competition

December 18: Camel milk competition, from 7.30 - 9.30 am

December 20 and 21: Sheep beauty competition, from 10am

December 22: The best herd of 30 camels

Rocketman

Director: Dexter Fletcher

Starring: Taron Egerton, Richard Madden, Jamie Bell

Rating: 3 out of 5 stars 

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Stars: Will Smith, Tom Holland, Karen Gillan and Roshida Jones 

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1987

1954

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Name: Akeed

Based: Muscat

Launch year: 2018

Number of employees: 40

Sector: Online food delivery

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The flights

Air Astana flies direct from Dubai to Almaty from Dh2,440 per person return, and to Astana (via Almaty) from Dh2,930 return, both including taxes. 

The hotels

Rooms at the Ritz-Carlton Almaty cost from Dh1,944 per night including taxes; and in Astana the new Ritz-Carlton Astana (www.marriott) costs from Dh1,325; alternatively, the new St Regis Astana costs from Dh1,458 per night including taxes. 

When to visit

March-May and September-November

Visas

Citizens of many countries, including the UAE do not need a visa to enter Kazakhstan for up to 30 days. Contact the nearest Kazakhstan embassy or consulate.

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Director: Shazia Iqbal

Starring: Siddhant Chaturvedi, Triptii Dimri 

Rating: 1/5

It Was Just an Accident

Director: Jafar Panahi

Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr

Rating: 4/5

NYBL PROFILE

Company name: Nybl 

Date started: November 2018

Founder: Noor Alnahhas, Michael LeTan, Hafsa Yazdni, Sufyaan Abdul Haseeb, Waleed Rifaat, Mohammed Shono

Based: Dubai, UAE

Sector: Software Technology / Artificial Intelligence

Initial investment: $500,000

Funding round: Series B (raising $5m)

Partners/Incubators: Dubai Future Accelerators Cohort 4, Dubai Future Accelerators Cohort 6, AI Venture Labs Cohort 1, Microsoft Scale-up 

UAE currency: the story behind the money in your pockets
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Engine: 2.0-litre 4cyl turbo

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  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

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  1. Mastery of audio-visual content creation. 
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  7. Professional ethics.
Updated: October 29, 2024, 3:20 PM`