Business and Economy

Dubai targets 35 billion dirhams from longevity economy push

Dubai targets 35 billion dirhams from longevity economy push Dubai Times © dubaitimes.org
Dubai targets 35 billion dirhams from longevity economy push © dubaitimes.org
Dubai is betting on the longevity economy, aiming to generate over 35 billion dirhams in economic value within a decade by transforming healthy ageing from a medical concept into a dynamic business sector. The plan targets 31 percent annual growth and a global leadership role.

Dubai is moving fast. The city wants to turn healthy ageing into a business engine, not just a medical goal. Officials have set a target: more than 35 billion dirhams in economic value from the longevity economy over the next ten years. They want to see 31 percent growth every year. This is not about government spending. The plan is to spark new business, attract investment, and drive research. The Emirates News Agency (WAM) says Dubai is now the world's first city with a dedicated regulator for longevity, wellness, and advanced health. The strategy and budget got formal approval on 27 September 2026.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, signed off on the plan. Dubai is shifting its view. Longevity is no longer just a medical issue. It is now an economic sector. The Dubai Longevity Authority was set up by Law No. 17 of 2026, following a directive from His Highness Sheikh Mohammed bin Rashid Al Maktoum. This Authority will regulate, license, and oversee the whole chain-from research and clinical trials to manufacturing, advanced therapies, and global market access. Helal Saeed Almarri, Director General of the Dubai Department of Economy and Tourism, chairs the Authority. That links the city's health plans directly to its economic vision.

From medical concept to economic engine

Dubai's approach is different from standard healthcare. The longevity economy is built to pull in high-growth companies, new technologies, and specialist investors. It is not just about elderly care. The sector covers research and development, clinical trials, biotech manufacturing, precision medicine, and prevention. Every step is a market. Biotech firms, pharmaceutical companies, venture capital, and health-tech providers are all in play. Khaleej Times reporting confirms the official strategy aims to add over AED 35 billion to Dubai's economy in the next decade. The sector is expected to grow at 31 percent a year.

Helal Saeed Almarri leads the Authority's board. This ties health goals to Dubai's economic agenda. The Authority's job is broad. It regulates research, licenses clinical trials, oversees manufacturing, and checks that patient services meet scientific and regulatory standards. The Dubai Media Office says the Authority will work with federal and local government on investment, data, intellectual property, and infrastructure. Dubai wants to be a global innovation hub. That is the goal.

Where will the 35 billion dirhams come from?

The 35 billion dirham figure is not a fixed budget. It is a target for new economic value. The Authority wants to bring in companies with strong growth potential, advanced tech, and specialist talent. It is building rules to allow safe, evidence-based innovation. Value could come from new companies, clinical research centers, biotech manufacturing, specialist clinics, and cross-border investment. The Authority has not yet given a breakdown by activity or jobs. The National reports this fits with the Dubai Economic Agenda D33, which aims to double the emirate's economy and cement its place as a global business capital.

Dubai's health market is already strong. Dubai Health Authority data shows healthcare spending made up about 5.5 percent of the city's GDP in 2024. The private sector paid for nearly half of all care. In 2025, 4.9 million people were covered by Dubai's health insurance system, up from 4.6 million the year before. Insurance claims reached 49.6 million. This gives the longevity sector a solid base, especially for preventative care, early diagnostics, and advanced therapies.

Healthy years, not just longer lives

Dubai's plan is tied to a key metric: years lived in good health, not just total lifespan. The city's healthy life expectancy is now 80.75 years. Dubai wants to be in the world's top ten on this measure. The idea is simple. More healthy years mean less chronic disease and higher economic productivity. The sector itself also creates demand for research, services, and medical tech. The Dubai Longevity Authority's mandate, as outlined by WAM and the Dubai Media Office, covers everything from research and clinical trials to commercialization and market entry. The aim is to turn innovation into real health and economic results.

Regulation is at the center of Dubai's plan. The Authority must make sure new treatments, clinical trials, and technologies are based on science and meet safety rules. At the same time, it wants to speed up innovation. The sector covers cell and regenerative therapies, genetic diagnostics, and AI-powered health devices. Each is at a different stage of development. The Emirates News Agency says the Authority will work closely with government and federal bodies on investment, data, intellectual property, and infrastructure. The goal is a strong ecosystem for longevity innovation.

Dubai's push for the longevity sector matches its hunger for new growth markets. Recent reporting on Dubai's rising millionaire numbers shows the city is drawing global capital, talent, and innovation.

This is a calculated bet. Dubai wants to turn healthy years into economic value. The 35 billion dirham target is a goal, not a promise. Success depends on attracting top companies, building strong regulation, and proving that new products and services really improve health. If Dubai can do this, it will change its healthcare sector and set a new standard for cities facing demographic change. The stakes are high.

Omar Al Nuaimi Business, property and finance writer Dubai Times
Writer

Omar Al Nuaimi

Omar Al Nuaimi is a Dubai-born business and finance writer covering the emirate’s economy, property market and consumer money. He focuses on what company announcements, market data, housing trends and financial decisions actually mean for residents, professionals, homebuyers and investors.