logo
UAE: Google helped create 30,000 jobs in 2024, added Dh21.8 billion to economy

UAE: Google helped create 30,000 jobs in 2024, added Dh21.8 billion to economy

Khaleej Timesa day ago

Google contributed an estimated Dh21.8 billion to the UAE economy in 2024 through its multiple apps and channels that residents in the country use in their daily lives.
According to the Economic Impact Report released by the technology giant, the Android and Google Play app ecosystem supported the creation of 30,000 jobs in the UAE last year. The report revealed that Google's Search and Ads alone helped provide Dh20.2 billion in economic activity for businesses in the UAE.
Conducted in English and Arabic in March 2025 by the Public First research agency, the survey covered 1,110 online adults and 389 business leaders based in the UAE.
'The UAE is reimagining what a modern economy can look like and leveraging technology in really interesting and exciting ways. This is particularly true when it comes to AI. We estimate that generative AI could grow the economy by almost Dh300 billion and drive genomic diversification by nearly 30 per cent.
"We estimate that AI tools would help increase productivity across the UAE by 15 per cent – equivalent to 310 hours per offer, reallocated higher value tasks each year,' said Amy Price, director and head of technology, media and telecom prices at Public First.
'Through strategic investments, local partnerships, and our AI-powered tools, we're bringing substantial economic value and empowering individuals, businesses, and communities in the UAE,' said Anthony Nakache, managing director for Google in the Middle East and North Africa.
The study found that Dh455 million of revenue was generated by the Android App Economy for UAE-based developers in 2024, as half of adults in the Emirates say Google Search is essential to their daily lives while nearly 9 out of 10 – 89 per cent – UAE residents reported that Google Maps and/or Waze were very useful when they were avoiding getting lost.
It added that an estimated 7.6 per cent million adults in the UAE used Google Search to learn a new digital skill.
Nearly 9 out of 10 – 90 per cent – of adults in the UAE said that the ability to make contactless payments on mobile devices through services like GPay or GWallet makes their lives easier.
Interestingly, the Economic Impact Report found that consumers in the UAE, on average, get Dh683 a month in benefits created by Google services.
Google products – Search, Play, Maps, YouTube and Google Ads – are among the most popular apps and are widely used in the UAE and globally.
The technology giant said more than 430,000 individuals in the UAE had been trained in digital and AI skills through Google's key skilling initiative, "Maharat Min Google", initiative since 2018.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

UAE, Saudi Arabia to see higher economic growth
UAE, Saudi Arabia to see higher economic growth

Zawya

time16 minutes ago

  • Zawya

UAE, Saudi Arabia to see higher economic growth

The UAE and Saudi Arabia are expected to experience stronger economic growth, even as the ongoing Israel-Iran conflict introduces an element of uncertainty in the region, according to an analysis released on Friday. 'The UAE's economy is set to maintain its strong growth momentum, driven by rising oil output and robust activity in the non-oil sector, which is being supported by a loose fiscal stance,' said James Swanston, MENA economist at Capital Economics. In early June, Saudi Arabia urged OPEC+ to increase oil production, reversing voluntary cuts that had been in place over the past five years to support prices. Swanston noted that while the kingdom's higher oil output will likely boost GDP growth, it may also 'mask a slowdown in the non-oil sector as harsher fiscal consolidation measures take effect.' Saudi Arabia's non-oil GDP has averaged around 7% in recent years. The report added that higher oil output and prices could accelerate GDP growth across Gulf economies. However, for oil-importing countries in the MENA region, such as Jordan and several North African nations, an escalation in the conflict and a further spike in oil prices could strain their balance of payments. Oil prices have surged by more than $10 over the past week due to heightened geopolitical risks. (Writing by Brinda Darasha; editing by Daniel Luiz)

Aldar generates more than Dh3.5bn in home sales at Fahid Island launch
Aldar generates more than Dh3.5bn in home sales at Fahid Island launch

The National

time34 minutes ago

  • The National

Aldar generates more than Dh3.5bn in home sales at Fahid Island launch

Aldar Properties generated more than Dh3.5 billion ($953 million) in sales from Fahid Beach Residences and The Beach House, the island's first residential developments released during launch week, amid soaring property demand. The Fahid Island homes attracted a range of buyers. Expatriate residents and overseas purchasers accounted for 67 per cent of total sales, the developer said in a statement on Friday. Buyers from the UAE, Russia, the UK and China made up the top nationalities by sales volume. The company, Abu Dhabi's biggest listed developer, said 42 per cent of buyers were under the age of 45 and 67 per cent of them were first-time Aldar customers. Watch: Abu Dhabi to develop new island with one-bed apartments priced at $1 million Key demand drivers include Fahid Island's position as Abu Dhabi's first coastal wellness destination, its waterfront lifestyle and proximity to Kings College School Wimbledon, which sits within the wider wellness-inspired masterplan. 'The sales serve as a powerful validation of our vision to place wellness at the heart of community living,' Jonathan Emery, chief executive at Aldar Development, said. 'The success reflects Abu Dhabi's position as one of the world's most desirable investment and lifestyle destinations.' A one-bedroom unit at the new development is priced from Dh3.5 million. The massive project, which has a gross development value of Dh40 billion, will be built in phases. The first residential development – Fahid Beach Residences, with seven buildings – is expected to be complete by 2029. Spread across 2.7 million square metres, with an 11km coastline, Fahid Island is being built between Yas Island and Saadiyat Island. It will have amenities including running tracks and cycling routes, with 30 per cent of the area dedicated to natural spaces. Residential property sale prices in Abu Dhabi rose by 11 per cent annually last year amid higher demand and a supply shortage, according to a March report by real estate company Cushman & Wakefield Core. Aldar launches Fahid Island – in pictures The Abu Dhabi Real Estate Centre reported that total transaction value in the emirate grew by 34.5 per cent to Dh25.3 billion across 6,896 deals in the first quarter of 2025, compared with Dh18.8 billion from 5,773 transactions in the same period of 2024. Off-plan sales in April across the UAE capital were up 75 per cent month-on-month at Dh804 million, driven by an increase in activity on Saadiyat Island and Al Jubail Island, EFG Hermes said in May. Aldar Properties accounted for the largest off-plan market share, contributing 70 per cent of activity in April. The announcement of a Disneyland Abu Dhabi theme park on Yas Island has further supported the property market. In response to the 'overwhelming demand' for Fahid Beach Residences, Aldar accelerated the launch of Fahid Island's second residential offering, The Beach House. The new development comprises 11 towers including studios and three-bedroom apartments. It offers views of the sea and Abu Dhabi skyline, shoreline access and connectivity to Coral Drive, the island's boutique retail boulevard. Aldar said on Friday it has planned further residential launches for Fahid Island. The island's waterfront promenade will have a combination of retail, dining and art experiences. Coral Drive will have outlets, concept stores, art galleries, a ballet school, cafes and public artworks. Kite surfing, paddle boarding, illuminated night swimming, and volleyball will also available to residents of the island.

Strong demand for the first sales launch of Jumeirah Golf Estates
Strong demand for the first sales launch of Jumeirah Golf Estates

Zawya

time37 minutes ago

  • Zawya

Strong demand for the first sales launch of Jumeirah Golf Estates

Dubai, UAE: Wasl, one of Dubai's largest real estate developers, successfully launched the first phase of units at Jumeirah Golf Estates – The Next Chapter, with great demand for the Estate Homes at the Wasl Experience Centre. The Pinewood Estate Homes, featuring skylights and panoramic views exclusive to Jumeirah Golf Estates, attracted significant interest. Corner units with private pools and elevators were particularly popular for their elegance and comfort. This launch marks a major milestone for Jumeirah Golf Estates – The Next Chapter, a master development set to redefine Resort style living in Dubai. Spanning 4.68 million square metres, the project will deliver 12,345 residences across six districts. The initial release included spacious three- and four-bedroom Estate Homes with maid's rooms, ranging from 2,383 to 7,269 square feet. Mohamed Al Bahar, Director of Business Development at Wasl, stated: 'The enthusiastic buyer response to the Pinewood Village District at Jumeirah Golf Estates reaffirms the strong market appetite for premium, family-oriented communities in Dubai. This successful launch is a pivotal first step in bringing to life Wasl's vision for one of its most ambitious masterplans, designed to offer a holistic and lifestyle-driven community experience.' The Pinewood Village district caters to modern families with resort-style amenities like a country club, landscaped green spaces, cycling and jogging tracks and an elevated wellness center. The Estate Homes boast sophisticated designs with stone cladding, glass balustrades, porcelain tile flooring, veneered semi-solid doors, and natural wood-like cladding. The broader masterplan includes 1.5m sqm of green space, a new 18-hole golf course and academy, a five-star Mandarin Oriental resort, an international school, the region's largest tennis stadium, and a state-of-the-art equestrian centre. The development offers easy access to major roads and future connectivity to the Etihad Rail and Dubai Metro. The successful initial sales launch of Jumeirah Golf Estates – The Next Chapter demonstrates significant market interest in thoughtfully designed, integrated communities in Dubai. This positive reception sets a strong precedent for the subsequent phases of this ambitious masterplan, reinforcing Jumeirah Golf Estates' role as a notable destination for contemporary, integrated living in the region. About Wasl Wasl is one of the largest real estate development and management companies in the UAE and an integral part of the Dubai real estate fabric. It was established by the Dubai Real Estate Corporation (DREC) to oversee the management of its assets and grow its real estate portfolio. It operates an extensive portfolio of over 55,000 residential and commercial properties; 35+ hotels and hotel apartments; 5,500 land plots; 4 freehold master developments and 8 golf clubs. Wasl's commitment to delivering high-quality properties that meet the needs of a diverse range of tenants, investors, and visitors has helped establish them as a dominant force in driving socio-economic growth and contributing to the long-term prosperity of Dubai.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store