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Economy
Economy UAE
Sunday, October 4, 2026

Dubai Commercecity Phase 2 Launches With AED 1.8B Investment

Overview:

The United Arab Emirates is strengthening its position as a regional economic hub through major infrastructure investments and policy initiatives. Dubai Commercecity is launching a second phase with investment exceeding 1.8 billion dirhams, while Sharjah Chamber of Commerce is supporting private sector expansion internationally. Meanwhile, Gulf Cooperation Council nations collectively recorded 161 billion dollars in worker remittances during 2025, reflecting the region's critical role in global labor markets.

Details:

Dubai's digital commerce sector is accelerating expansion with the second phase of Dubai Commercecity, targeting enhanced growth in the digital economy. The initiative represents a strategic push to establish the emirate as a premier free zone specializing in digital trade. This follows data showing that online and application-based card payments in the UAE have increased as a share of total domestic transactions, reflecting a shift toward digital shopping habits among consumers.

Foreign direct investment in Sharjah grew by 45 percent, underscoring the competitiveness of the UAE's broader economic environment. The Sharjah Chamber of Commerce continues to position itself as a primary enabler for private sector growth, facilitating business expansion into regional and international markets. Additionally, Dubai's outdoor advertising market captured approximately 73 percent of the UAE's total outdoor advertising spending, valued at 3.5 million dirhams, demonstrating the capital's dominance in media and marketing sectors.

Infrastructure development extends beyond commerce into telecommunications, with average mobile data download speeds in the UAE reaching 1.6 gigabits per second across major networks. Meanwhile, Abu Dhabi Chamber of Commerce received the award for best sustainability initiative at the tenth edition of the Abu Dhabi Entrepreneurship Awards for its sustainability labeling program.

Outlook:

Investors are monitoring whether ongoing digital transformation initiatives will sustain foreign investment momentum, particularly given tariff pressures affecting global automotive and manufacturing sectors. The UAE's emphasis on skill-based hiring practices and artificial intelligence adoption may reshape workforce dynamics across the Gulf region throughout 2026.

UAE Brief

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