DIFC Courts posts record H1 Dh15b in claims value

DIFC Courts posts record H1 Dh15b in claims value

The courts recorded a 692% increase in value of cases across all divisions during the first half of 2023

Published: Tue 25 Jul 2023, 4:32 PM

Dubai International Financial Centre (DIFC) Courts announced on Tuesday a new record with Dh15 billion in claims value in the first six months of 2023.

The courts recorded a 692 per cent increase in value of cases across all divisions during the first half of 2023, compared with the first six months of 2022, with a total value of Dh15 billion across 455 cases filed. In the main Court of First Instance (CFI), 52 cases were filed, with the total value of Dh14.9 billion and an average case value of Dh427.2 million, the DIFC Courts said in a statement. Cases within the Arbitration Division under the CFI also recorded a significant increase in the first six months of 2023, with a total value of Dh12.9 billion and an average claim value of Dh1.6 billion.

Justice Omar Al Mheiri, director, of DIFC Courts, said the surge in uptake of the courts’ public services in the first six months of 2023 reflects the growing awareness of, and trust in, its expertise, efficiency, and ease of process. “Powered by the most