Art Dubai 2023: Dh143 million economic impact, 23,500 hotel bookings brought in, new study reveals

Art Dubai 2023: Dh143 million economic impact, 23,500 hotel bookings brought in, new study reveals

Next year, the event will take place at Madinat Jumeirah from March 1-3, with previews on February 28 and 29

By Web Desk Published: Sun 21 May 2023, 8:05 PM

Art Dubai, the leading international art fair for the Middle East and Global South, today announced that the five-day event, held between March 1-5 2023, has delivered an outstanding direct economic impact of Dh143 million to the city.

New figures revealed in the ‘Economic Impact Study’ by leading independent market research consultancy IPSOS also showed that the renowned art fair attracted a staggering 23,500 hotel nights bookings to Dubai.

The recently announced figures demonstrate a significant rise in economic impact, surpassing the most recent comparable data by over 55 per cent (compared to Dh92 million in 2019). This noteworthy increase reflects Dubai’s progress as a burgeoning cultural and creative hub and highlights its unprecedented growth as a global destination.

Held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the 2023 edition was Art Dubai’s most successful to date, featuring over 130 contemporary and modern exhibitors from more than 40 countries and the strongest-ever participation of regional and international institutional