Dubai: DIFC Courts sets new record with Dh15 billion in claims value in first half of 2023

Dubai: DIFC Courts sets new record with Dh15 billion in claims value in first half of 2023

In the first six months of 2023, 766 Wills were registered, a 37.8% increase in the number of registrations compared with the first six months of 2022

By WAM Published: Mon 24 Jul 2023, 2:58 PM Last updated: Mon 24 Jul 2023, 3:21 PM

The Dubai International Financial Centre (DIFC) Courts today released its figures for the first six months of 2023, reflecting a surge in the overall value of claims. In addition, the substantial uptake of additional ancillary services, such as Wills registration, further elevates Dubai's common law jurisdiction as the region's leading forum for international dispute resolution.

The value of cases across all divisions recorded a 692% increase in 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. 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, DIFC Courts,