This study examines the relationship between the financial sector and economic growth for the United Arab Emirates, which is presently the most successfully diversified economy among the six Gulf Cooperation Council Countries (commonly referred as the GCC). The time period covered for this purpose is from 1975 to 2016. Since the present study deals with time series analysis, various time series techniques were employed to examine the relationship between financial sector and economic growth. The Augmented Dickey Fuller (ADF) unit root test was employed to check the variables stationarity, followed by lag length criteria test to define optimal lag length and proceed with the cointegration test. Finally, Vector Error Correction Model test (VECM) and Granger Causality test were employed to determine the relationship by using domestic credit to private sector, broad money (M2) and FDI as proxy variables to measure financial development, and GDP per capita (constant 2010 US$) as proxy variable for measuring economic growth. The results obtained from the analysis revealed that broad money and private sector credit play a crucial role in the development of the financial sector in the UAE.