Sheikh Mohammed Approves Record Dh302.7-Billion Dubai Budget for 2026–2028

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved Dubai’s record three-year government budget for 2026–2028, totaling Dh302.7 billion. The budget, which also projects total revenues of Dh329.2 billion, represents the largest in the emirate’s history and reflects Dubai’s ambitious economic and social development plans.

For 2026 specifically, the government has allocated Dh99.5 billion in expenditures, supported by projected revenues of Dh107.7 billion and a general reserve of Dh5 billion. The budget prioritizes key sectors including infrastructure and construction, social development, security, and government innovation initiatives, signaling continued investments in roads, public transport, healthcare, education, housing, and digitalization projects.

Officials highlighted that the budget aligns with the Dubai Economic Agenda D33, aimed at doubling Dubai’s GDP and positioning the emirate among the world’s top three urban economies by 2033. Infrastructure projects are expected to accelerate urban growth, while social allocations focus on improving public services for citizens and residents alike.

The approval of a medium-term, three-year budget reflects a shift towards strategic and sustainable financial planning. Authorities emphasized that the surplus across the period demonstrates a commitment to fiscal prudence and sustainable development. Analysts view the record budget as a sign of confidence in Dubai’s economic resilience and its long-term vision for growth and diversification.