 One of the world 's fastest growing economies , Dubai 's gross domestic product is projected at USD 107 @.@ 1 billion , with a growth rate of 6 @.@ 1 % in 2014 . Although a number of core elements of Dubai 's trading infrastructure were built on the back of the oil industry , revenues from oil and natural gas account for less than 5 % of the emirate 's revenues . It is estimated that Dubai produces 50 @,@ 000 to 70 @,@ 000 barrels ( 7 @,@ 900 to 11 @,@ 100 m3 ) of oil a day and substantial quantities of gas from offshore fields . The emirate 's share in the UAE 's total gas revenues is about 2 % . Dubai 's oil reserves have diminished significantly and are expected to be exhausted in 20 years . Real estate and construction ( 22 @.@ 6 % ) , trade ( 16 % ) , entrepôt ( 15 % ) and financial services ( 11 % ) are the largest contributors to Dubai 's economy . 
