The reaction of dimethyl ether to olefin over HZSM-5/Al2O3 catalysts modified by Zr and Mg and stabilized by hydrothermal treatment has been studied. Regardless of the introduction method and the nature of the metal, the dependence of the key products selectivity on X(DME) over hydrothermally treated steady-state catalysts does not change, and the experimental points are described by the same curves. Metal introduction and the corresponding changes in the acid sites distribution do not change the ratio of main reaction rates, only the absolute values of the formation rate of the products are changed. Zr doping leads to the greatest activity in the DME conversion due to an equable decrease in the total acidity of the sample. On the other hand, the Mg-modified sample has a higher amount of weak acid sites, which reduces activity. At low DME conversion, methanol is one of the primary reaction products which formed from DME simultaneously with propylene in alkene cycle. At high DME conversion, the methanol acts as a main reagent which leads to ethylene formation in the arene cycle. Based on the results, the role of the metal in the reaction chemistry is considered and the mechanism of product formation from DME over steady-state catalyst is proposed, which describes both the participation of DME and the methanol produced.