With 2024 ending, the UAE has firmly positioned itself as a global leader in business, technology, and sustainable development. This milestone year saw the country achieve significant accomplishments, with Dubai’s ruler, Sheikh Mohammed, taking to social media to reflect on the nation’s progress and express his optimism for the future.
In his reflections, Sheikh Mohammed praised the UAE’s extraordinary achievements in 2024, marking it as a year of unparalleled growth and global influence. He stated, “The year 2024 has passed, thank God, and the Emirates has achieved historic numbers in all its indicators. We welcome 2025 with greater optimism, greater ambitions, and a greater determination to continue the journey of growth and prosperity.”
Economic Growth and Expansion
One of the standout achievements of 2024 was the registration of 200,000 new companies within the UAE, a historic milestone that underscores the nation’s emergence as a leading business hub. The UAE’s business-friendly environment, combined with its advanced infrastructure and pro-investment policies, continues to attract entrepreneurs and enterprises from around the world.
In terms of international trade, the UAE further solidified its global presence, securing 140 international deals with 55 countries. These agreements spanned multiple sectors, enhancing the country’s reputation as a key player in the global marketplace. The UAE’s non-oil GDP reached Dh660 billion in the first half of 2024, reflecting the country’s robust economic diversification efforts.
Foreign trade also saw remarkable growth, reaching Dh2.3 trillion during the first nine months of 2024. This impressive figure highlights the UAE’s position as a major global trading hub, with its strategic location enabling seamless trade between Asia, Europe, and Africa.
Technological Advancement and Sustainability Efforts
The UAE also made significant strides in technology and innovation in 2024. Ranked fifth on the global artificial intelligence index, the country implemented 40 key projects and initiatives aimed at advancing technology and AI. These efforts reinforce the UAE’s position at the forefront of the digital transformation in the region.
In its commitment to sustainability, the UAE launched 87 initiatives and decisions in support of environmental conservation and green technologies. These efforts reflect the country’s ongoing dedication to fostering a sustainable future through clean energy, resource efficiency, and environmental protection.
Tourism and Global Connectivity
The UAE’s tourism industry also saw substantial growth, with 150 million visitors passing through the country’s airports and ports in 2024. This surge in tourism highlights the nation’s enduring appeal as a premier global travel destination, with both Dubai and Abu Dhabi continuing to attract millions of international visitors each year.
In addition to its thriving tourism sector, the UAE experienced a significant rise in new business registrations. The record-breaking 200,000 new companies established in 2024 further solidify the UAE as a magnet for international entrepreneurs and investors, thanks to its favorable business climate.
Global Diplomacy and Humanitarian Efforts
On the global stage, the UAE reaffirmed its leadership in international diplomacy and humanitarian aid. Since its founding, the UAE has contributed Dh360 billion in foreign aid, providing support for disaster relief, poverty alleviation, and sustainable development worldwide. This commitment reflects the UAE’s dedication to global solidarity and its role as a force for positive change on the international stage.
Looking Forward
As the UAE moves into 2025, Sheikh Mohammed’s message is one of continued optimism and ambition. He wrote, “Every year, may the Emirates be in glory, pride, prosperity, and stability… Every year, may the world be well and at peace… Every year, may humanity advance to new horizons.”
With the historic achievements of 2024 as a foundation, the UAE is poised for continued growth and innovation in the year ahead. As the country strengthens its position on the global stage, its commitment to progress, stability, and prosperity will guide its path forward, ensuring that it remains a beacon of opportunity and leadership.
At One Investments, we celebrate the UAE’s exceptional accomplishments in 2024, which underscore its position as a global leader in business and sustainable growth. As the nation continues its remarkable trajectory into 2025 and beyond, we remain dedicated to helping investors unlock opportunities in this dynamic market. Let us guide you in finding the perfect property investment to achieve your aspirations.
