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New Global Wellness Institute Report Shows UAE Wellness Economy Now Worth $40.8 Billion
Prnewswireยท 2025-11-20 04:30
Core Insights - The UAE's wellness economy is experiencing rapid growth, with a 14.3% increase projected from 2019 to 2024, reaching a total value of $40.8 billion, making it the fastest-growing in the MENA region [1][2][3] Wellness Economy Overview - The UAE ranks first in several wellness sectors, including Wellness Real Estate valued at $1.4 billion, Personal Care & Beauty at $14.8 billion, and Spa Revenue at $2.9 billion for 2024 [2] - The wellness real estate sector has surged by 22.8% from 2019 to 2024, driven by innovative projects like SHA Emirates and Aldar's Fahid Island [3] - The wellness tourism sector has grown at a compound annual growth rate (CAGR) of 23.5%, now valued at $11.3 billion, supported by the UAE Tourism Strategy 2031 [4] Strategic Initiatives - The UAE's National Strategy for Wellbeing 2031 aims to enhance quality of life and position the country as a global leader in wellness [3][9] - Aldar Development emphasizes the integration of wellness in community design, promoting healthier lifestyles through intentional planning [5] Cultural and Technological Integration - The UAE combines traditional wellness practices with modern technology, offering personalized wellness experiences through advanced diagnostics and treatments [6][7][11] - Investments in AI-driven healthcare aim to improve efficiency and accessibility while reducing the ecological footprint through sustainable practices [8] Unique Wellness Experiences - The diverse geography of the UAE provides a backdrop for various wellness activities, including outdoor adventures and cultural immersion [10] - Eco-friendly wellness facilities are adopting sustainable practices, enhancing the overall wellness experience for visitors and residents [11]