Dubai, Nov. 23 -- Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Sunday, November 23, approved a record Dirham 302.7-billion budget cycle for 2026-2028, marking the largest financial plan in the emirate's history.

The total revenues for the three-year cycle are projected at Dh 329.2 billion, with the government expecting an operating surplus of up to 5 per cent of Dubai's projected GDP for 2026.

For the 2026 fiscal year, Dubai approved Dh 99.5 billion in expenditure and Dh 107.7 billion in revenues, including Dh 5 billion in general reserves, the Dubai Media Office (DMO) reported.

Key allocations in the 2026 budget include:

28 percent for social development (health, education...