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Dubai soars to new heights: Record-breaking growth in first half of 2023
18 Jul, 2023 / 08:11 AM / OMNES Media LLC

Source: http://www.mashable.com

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Mashable: Dubai has surpassed all expectations with its remarkable economic progress in the first half of 2023, according to a report reviewed by the Crown Prince of Dubai Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum. The emirate has solidified its position as the world's leading tourist destination by welcoming over 8.5 million international visitors during this period.

 

Impressively, the Dubai Financial Market experienced a significant rise of 14 percent, resulting in a gain of AED 71 billion in value. The real estate sector also witnessed substantial growth, with total transactions reaching AED 285 billion.

Expressing his satisfaction, Sheikh Hamdan took to Twitter to laud Dubai's exceptional economic performance. He highlighted Dubai's achievement of new levels of growth, it is top ranking as the best global tourist destination for 2023, and its emergence as one of the world's most attractive cities for the wealthy. Sheikh Hamdan also mentioned that Dubai has become a leading hub for Sukuk listings, with the value of listed Sukuk reaching $75 billion.

 

Dubai's outstanding performance across various sectors has garnered confidence among the global community and major investors. The city has been named the world's top-ranked destination for the second consecutive year in Tripadvisor's Travellers' Choice Awards 2023. Furthermore, it has emerged as one of the top three hubs for wealthy individuals and has shown remarkable resilience in recovering from the impacts of the COVID-19 pandemic.

 

The Dubai Financial Market (DFM) demonstrated its strength as one of the best-performing stock markets, with its index rising by 14 percent and reaching a market value of AED 652 billion. Nasdaq Dubai also experienced significant growth, solidifying its position as a leading hub for Sukuk listings, with a total value of $75 billion.


Dubai's impressive economic performance is in line with the goals of Dubai Economic Agenda D33, striving to create a top-notch environment and infrastructure, making the city the ultimate place to live, visit, and work globally.

Sheikh Hamdan emphasized that these outstanding results in the first half of 2023 provide a strong foundation for achieving record-breaking accomplishments in the coming months.