More tourists with more money to spend are visiting Dubai, which is leading to more people buying gold jewelry, electronics, and other retail goods. In 2023, 17.15 million foreign visitors spent the night in the emirate. In 2024, the number increased by 8% over the same period the year before, reaching 14.9 million in the first 10 months alone.
With 2.939 million visitors, Western European nations came in first, followed by South Asia (2.543 million), the Gulf Cooperation Council (2.217 million), and the CIS and East European nations (2.075 million). This illustrates that most visitors to Dubai are from wealthy nations with plenty of disposable income.
We have observed a greater influx of individuals with better incomes. In 2024, there are more tourists with discretionary income than the year before. Because so many people travel, the gift-giving trend has greatly improved. During extended vacations, hotels are completely booked and flights are running at maximum capacity, according to Tawhid Abdullah, CEO of Jawhara Jewellery and chairman of the Dubai Jewellery Group.
The UAE is expected to become the 10th-largest beneficiary globally and the second-largest recipient in the region after Saudi Arabia in 2024, with foreign tourists spending Dh191.57 billion, up 9.4% from Dh175 billion the year before. These are based on data from the 2024 Economic Impact Trends Report, which was published in September 2024 by the World Travel and Tourism Council.
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