Page 21 - MOE ENGLISH PR REPORT - JUNE 2024 (International)

Press Release

international visitors reached approximately 31.5 million, marking a 25 per cent increase as
compared to 2022.

Similarly, construction and building activities witnessed an 8.9 per cent growth, the highest in the
past decade, while real estate activities achieved a growth rate of 5.9 per cent. Residency and food
services sector grew by 5.5 per cent, reflecting the remarkable increase in international visitors in
2023. Hotel guests totalled 28 million, an 11 per cent increase as compared to 2022.

At current prices, the GDP has reached AED 1.88 trillion in 2023, recording a growth rate of 2.3
per cent. Non-oil GDP, also at current prices, amounted to AED 1.43 trillion, achieving a growth
rate of 9.9 per cent and an increase of AED 128 billion as compared to 2022.

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