Dubai posts 6.3% GDP growth in first 9 months of 2021

Dubai posts 6.3% GDP growth in first 9 months of 2021

Dubai’s GDP growth rate reached 6.3 per cent in the first nine months of 2021, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, said on Thursday, driven by a qualitative jump in the second quarter, which recorded a growth of 17.8 per cent compared to the same period in 2020. This has been possible “due to our success with overcoming the pandemic, and the launch of Expo 2020 Dubai”, the Crown Prince said in a tweet. Dubai’s high COVID-19 vaccination rates, strict implementation of precautionary measures such as sanitisation and social distancing, and ease of connectivity via flagship carrier Emirates have helped it maintain its ranks among the world’s most popular destinations. According to the latest data published, Dubai welcomed over six million international visitors between January and November 2021, which surpasses the 5.5 million tourists who visited Dubai for the entire 2020. During this 11-month period, 743 hotel establishments with over 136,000 rooms also opened their doors to guests, delivering strong occupancy levels of over 60 per cent, which is among the highest occupancy rates internationally. The Expo, meanwhile, has recorded 10,836,389 visits as of January 24, while the