Dubai jobs: Hiring picks up as 661 new DIFC firms add record 3,057 employees in H1

Dubai jobs: Hiring picks up as 661 new DIFC firms add record 3,057 employees in H1

The Dubai International Financial Centre (DIFC) added 661 new companies in the first half of 2023, creating a record 3,057 new jobs as Dubai became a highly attractive destination for foreign entities from diverse regions after the pandemic.

The total number of companies operating in DIFC rose from 4,031 to 4,949 at the end of June 2023, a year-on-year increase of 23 per cent. The number of firms in DIFC’s FinTech and Innovation sectors grew 35 per cent from 599 to 811. DIFC was now home to 1,443 financial and innovation-related companies at the end of June 2023, a growth of 15 per cent year-on-year.

The total number of employees based in DIFC grew to 39,140, up 20 per cent year-on-year. The free zone leased over 233,000 sqft of owned and managed commercial space. Occupancy rates stood at 99 per cent.

DIFC was also home to 632 financially regulated firms at the end of the first half of 2023.

“DIFC’s exceptional performance in the first half of the year once again demonstrates the strength of the ecosystem it offers for investment, innovation and enterprise to flourish in the financial industry. DIFC has not only propelled Dubai’s development into a pre-eminent global financial hub but