ICABML Conference Proceedings – ISSN 2523-6547 DUBAI BUSINESS SCHOOL 1 st International Conference on Advances in Business, Management and Law (2017) Volume 2017 http://dx.doi.org/10.30585/icabml-cp.v1i1.11 2523-6547 - Copyright: © 2017 The Authors. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. Selection and Peer-review under the responsibility of the UNIVERSITY OF DUBAI - DUBAI BUSINESS SCHOOL - ICABML Conference Committee. 1 Sectoral Evaluation for Economic and Financial Development in Dubai and rest of UAE Sumaiyya Wahid Shaikh Dubai Business School University of Dubai Dubai, United Arab Emirates E-mail: s0000000103@ud.ac.ae Genanew B. Worku Dubai Business School University of Dubai Dubai, United Arab Emirates E-mail: gbekele@ud.ac.ae Ananth Rao * Dubai Business School University of Dubai Dubai, United Arab Emirates E-mail: arao@ud.ac.ae * Corresponding authors Abstract The paper examines sector specific characteristics to analyse the factors affecting the sustainability of the economies of Dubai and rest of the United Arab Emirates (UAE). The study applies system design to analyse the research questions. Consequently, Zellner’s seemingly unrelated regressions (SURE) technique is used to examine the relative contribution of sectors to the economies Dubai, as an individual Emirate, and the rest of UAE as a group of Emirates using time series sectoral level data for 2001–2015. The study shows that there exists positive interdependencies between Dubai and rest of UAE economies. This signifies that the core competencies across various sectors in Dubai and rest of UAE economies need to be promoted further to have overall diversified impact on UAE economy. The positive sizable impact of the finance sector in Dubai and negative sizable impact in the rest of the UAE provide many opportunities for designing diversification programs for sustained economic development of the entire UAE economy. The small sample size, non-availability of detailed sectoral data in four of the seven emirates constrained the scope of the study for generalization to other economies in the middle east.