Recently, His Highness Sheikh Mohammed bin Rashid Al Maktoum approved the general budget cycle for the fiscal year 2026-2028 of the Government of Dubai. For those who are wondering, he is the Vice President and Prime Minister of the UAE and the Ruler of Dubai. And the general budget for the fiscal year has been approved for a total expenditure of AED302.7 billion.
Sheikh Mohammed Approved AED302.7 Bn Dubai Budget
The three-year budget cycle for 2026 has now been approved with a total expenditure of AED302.7 billion and total revenues of AED329.2 billion. It should be noted that this is the largest budget cycle in the history of the emirate, as revealed in a report by Gulf News. Additionally, it reflects the vision of His Highness Sheikh Mohammed for advancing the strategic objectives of the emirate. Additionally, it aims to double the GDP of Dubai! Therefore, positioning it among the world’s top three urban economies in the next decade.
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What Does It Mean For Residents?
With the financial cycle, embedding the forward vision of Dubai, it features strategic investments in space, research, artificial intelligence, and digital transformation. With this development, the major question that arises in the minds of people is what it means for the residents. Well, residents truly expect stronger healthcare & schools, better security & a stronger emergency response teams, upgraded public transport, and access to more digital services. These are just some of the many key changes that you might just notice in everyday life across the emirate.
Yes, the budget has been designed in such a way that it improves the quality of life across Dubai. And that it’s not just limited to major projects. Doesn’t it all sound absolutely wonderful? Well, we can already imagine the scope of development that is bound to take place during this fiscal year. After all, Dubai is known for setting examples with its farsighted developments.
Cover Image Courtesy: Canva Pro/Aleksandar Pasaric from Pexels
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