Growing visitor numbers, soaring stocks, surging property market: Dubai’s latest report card

Growing visitor numbers, soaring stocks, surging property market: Dubai’s latest report card

Dubai: Dubai welcomed more than 8.5 million international visitors during the first six months of 2023. The emirate’s bourse, the Dubai Financial Market, rose 14 per cent, recording a Dh71 billion gain in value, during the same period. The real estate sector, too, saw significant demand growth, with total transactions reaching Dh285 billion. This is the summary of a report on Dubai’s economic progress for the first half of 2023, reviewed by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council. “Our economic accomplishments, as well as our future goals, have been shaped by rigorous strategic planning, the exemplary efforts of our institutions, and our remarkable resilience and adeptness in navigating global challenges and the rapidly evolving economic environment. Such accomplishments are testament to the trust placed by major investors, international institutions and business leaders in Dubai,” Sheikh Hamdan said. “Dubai’s economic performance indicators for the first half of 2023 have exceeded expectations. These exceptional results bolster our outlook for record results in the coming months. We look forward to a new, strong beginning in 2024, during which we seek to further enhance the business environment and accelerate economic growth in