Dubai’s tourism back on track as visitors exceed pre-coronavirus level

The city achieved a 20 percent year-on-year growth in terms of visitors in the first half of 2023. Reuters/File
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Updated 10 August 2023
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Dubai’s tourism back on track as visitors exceed pre-coronavirus level

RIYADH: Dubai’s tourism sector achieved a significant milestone in the first half of 2023 by welcoming 8.55 million international overnight visitors, surpassing pre-pandemic levels of 8.36 million recorded in the first half of 2019.   

This represents the city’s strongest first-half performance in its history, the Emirates News Agency, also known as WAM, reported citing data from Dubai’s Department of Economy and Tourism.

The city achieved a 20 percent year-on-year growth in terms of visitors in the first half of 2023. This further consolidates the emirate’s aspiration, under the Dubai Economic Agenda 2033, to rank among the world’s top three cities.   

The agenda has outlined a new trajectory for the city to further consolidate its status as one of the world’s top urban economies and tourism destinations. In addition, it reaffirms the emirate’s position as the fastest-recovering destination globally.

The record performance in the first half of the year also surpasses the UN World Trade Organization’s global projection of 80 to 95 percent recovery to pre-pandemic levels for international tourist arrivals in 2023.

“The remarkable surge in international visitors witnessed by Dubai in the first half of 2023 further demonstrates its emergence as one of the brightest spots not only in the worldwide tourism sector but also the broader global economic landscape,” said Sheikh Hamdan bin Mohammed bin Rashid Al-Maktoum, crown prince of Dubai and chairman of Dubai Executive Council.

He added: “While the growth of international visitation reinforces Dubai’s rise as a major global tourism destination, it also signifies its status as a pivotal hub for trade, investment, and enterprise.”

During the first half of 2023, Western Europe emerged as a significant contributor to Dubai’s tourism sector, accounting for 20 percent of total international tourists.

Meanwhile, the Gulf Cooperation Council and the Middle East and North Africa regions jointly represented 28 percent of the regional tourism influx.

South Asia made up 17 percent of the overall visitors to Dubai, followed by Russia, the Commonwealth of Independent States, and Eastern Europe with a collective 14 percent.

Additionally, North Asia and Southeast Asia together added 8 percent, while contributions from the Americas stood at 7 percent. Africa and Australasia chipped in with 4 percent and 2 percent, respectively.


GDP growth
Dubai’s gross domestic product also grew 2.8 percent year on year to reach 111.3 billion dirhams ($30 billion). 
The wholesale and retail trade sectors were the largest contributors to the growth accounting for 22.9 percent of the GDP. 


Reforms target sustained growth in Saudi real estate sector, says Al-Hogail

Updated 26 January 2026
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Reforms target sustained growth in Saudi real estate sector, says Al-Hogail

RIYADH: The Real Estate Future Forum opened its doors for its first day at the Four Seasons Riyadh, with prominent global and local figures coming together to engage with one of the Kingdom’s most prospering sectors.

With new regulations, laws, and investments underway, 2026 is expected to be a year of momentous progress for the real estate sector in the Kingdom.

The forum opened with a video highlighting the sector’s progress in the Kingdom, during which an emphasis was placed on the forum’s ability to create global reach, representation, as well as agreements worth a cumulative $50 billion

With the Kingdom now opening up real estate ownership to foreigners, this year’s Real Estate Future Forum is placing a great deal of importance on this new milestone and its desired outcomes and impact on the market. 

Aside from this year’s forum’s unique discussions surrounding those developments, it will also be the first of its kind to launch the Real Estate Excellence Award and announce its finalist during the three-day summit.

Minister of Municipalities and Housing and Chairman of the Real Estate General Authority Majed Al-Hogail took to stage to address the diverse audience on the real estate market’s achievements thus far and its milestones to come.

Of those important milestones, he underscored “real estate balance” as a key pillar of the sector’s decisions to implement regulatory tools “with the aim of constant growth which can maintain the vitality of this sector.” He pointed to examples of those regulatory measures, such as the White Land Tax.

On 2025’s progress, the minister highlighted the jump in Saudi family home ownership, which went from 47 percent in 2016 to 66 percent in 2025, keeping the Kingdom’s Vision 2030 goal of 70 percent by the end of the decade on track.

He said the opening of the real estate market to foreigners is an indicator of the sector’s maturity under the leadership of Crown Prince Mohammed bin Salman. He said his ministry plans to build over 300,000 housing units in Riyadh over the next three years.

Speaking to Arab News,  Al-Hogail elaborated on these achievements, stating: “Today, demand, especially local demand, has grown significantly. The mortgage market has reached record levels, exceeding SR900 billion ($240 billion) in mortgage financing, we are now seeing SRC (Saudi Real Estate Refinance Co.) injecting both local and foreign liquidity on a large scale, reaching more than SR54 billion”

Al-Hogail described Makkah and Madinah as unique and special points in the Kingdom’s real estate market as he spoke of the sector’s attractiveness.

 “Today, the Kingdom of Saudi Arabia has become, in international investment indices, one that takes a good share of the Middle East, and based on this, many real estate investment portfolios have begun to come in,” he said. 

Al-Ahsa Gov. Prince Saud bin Talal bin Badr Al-Saud told Arab News the Kingdom’s ability to balance both heritage sites with real estate is one of its strengths.

He said: “Actually the real estate market supports the whole infrastructure … the whole ecosystem goes back together in the foundation of the real estate; if we have the right infrastructure we can leverage more on tourism plus we can leverage more on the quality of life … we’re looking at 2030, this is the vision … to have the right infrastructure the time for more investors to come in real estate, entertainment, plus tourism and culture.”