A further $627 million (€584m) is generated by so-called “induced and indirect” economic activities, such as through spending in the emirate by employees in the sports sector, Deloitte said.
Golf is the biggest contributor among the various sports that Dubai hosts, generating $270m (€250m) in the 12 months to September 1, 2015, Nick Tarratt, director of European Tour International - Dubai, told a news conference.
These figures include indirect earnings such as from hotel stays and airline tickets, Tarratt said.
Golf’s direct contribution was $131m over the same time period, the report revealed.
Of this, tournaments such as the $8m DP World Tour Championship — the European Tour’s season finale, which began yesterday — and February’s Desert Classic provided $80m.
Dubai is home to 11 golf courses and these generated $11m per annum, international visitors accounted for $38m and others $2m.
The report did not provide comparative figures for the prior year and Tarratt declined to give a forecast for the following 12 months.
The report also did not give revenue figures for other sports.
The emirate’s other sporting events include the Dubai World Cup — the world’s richest horse race — and the $5 million Dubai Duty Free Tennis Championships.