Dubai Approves Record $82.41 Billion Budget 2026-2028

This financial plan is the largest budget in Dubai's history. Its vast size shows that the government is very confident about the future and is planning to take decisive action. This record spending is necessary to achieve the goals set in the D33 agenda.
Key Reasons for the Historic Size:

D33 Economic Ambition:

The budget provides the funds needed to double Dubai's GDP (Gross Domestic Product the total value of goods and services produced).
This spending supports the plan to transform Dubai into a global economic powerhouse by 2033.

Massive Infrastructure Investment:

A massive 48% of the budget is set aside for infrastructure (like roads, transport, and utilities).
This investment is vital for expanding the city's capacity, handling population growth and supporting the development of the property market.

Strong Financial Position (Fiscal Strength):

The budget predicts a healthy operating surplus (meaning income exceeds regular spending) of up to 5% of the expected 2026 GDP.
This surplus, along with the size of the overall plan, proves that Dubai's financial strategy is stable and disciplined.

Global Competitiveness:

This record investment is a strategic step to make Dubai more attractive to international investors and skilled workers.
It helps ensure the city remains a top global hub for business and finance.
 

Dubai expects to bring in a significant income (revenue) of AED 329.2 billion between 2026 and 2028. This high target shows that Dubai's efforts to diversify its economy (away from reliance on a single source) are successful. The fact that this expected income is much higher than planned spending shows that the budget is financially strong and sustainable.

Primary Sources of Revenue:

Non-Oil Economic Growth:

Dubai is generating revenue through strong growth in key sectors such as tourism, trade and finance.
This success means the city depends very little on oil income.

Fees:

Money earned from government services and administrative fees (charges for paperwork, licenses, etc.) remains a major source of income.

Thriving Real Estate Sector:

The property market is doing very well, with strong sales and new developments.
This activity generates significant revenue through transaction fees and other related economic activity.

Digital Transformation:

The government is converting services to digital format (e.g., online payments, applications) and using the Dubai Cashless Strategy.
These steps are expected to make collecting money (revenue collection) easier and more efficient.