Dubai’s impressive performance in various sectors has inspired confidence in the global community and major investors
Dubai‘s economic progress during the first half of 2023 has exceeded expectations, according to a report reviewed by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council.
The emirate welcomed more than 8.5 million international visitors, solidifying its status as the world’s leading tourist destination.
Additionally, the Dubai Financial Market saw a significant rise of 14 percent, resulting in a AED71 billion gain in value.
The real estate sector also experienced notable growth, with total transactions reaching AED285 billion.
Dubai’s Sheikh Hamdan praises “exceptional economic performance” in the first half of 2023
Sheikh Hamdan expressed his satisfaction with the economic accomplishments and said via Twitter: “I reviewed a report on the main highlights of Dubai’s exceptional economic performance in the first half of 2023. Dubai achieved new levels of growth and was at the forefront of many economic fields. Dubai was ranked the best global tourist destination for 2023, as we welcomed more than 8.5 million visitors in the last 6 months. Dubai also emerged as one of the world’s three most attractive cities for the wealthy. The Value of Sukuk listed on Nasdaq Dubai rose to $75 billion, making Dubai one of the world’s leading hubs for Sukuk listings. The real estate sector recorded an exceptional growth with total transactions reaching AED285 billion.
“Guided by @HHShkMohd’s vision and Dubai’s Economic Agenda D33, Dubai continues to reinforce its position as a major global economic hub, and will always be the best place to live and work worldwide,” he added.
Dubai’s impressive performance in various sectors has inspired confidence in the global community and major investors.
The city has been named the world’s top-ranked destination in Tripadvisor’s Travellers’ Choice Awards 2023 for the second consecutive year.
It has also emerged as one of the top three hubs for wealth owners and one of the fastest-recovering cities since the COVID-19 pandemic.
The Dubai Financial Market (DFM) showcased its strength as one of the best-performing stock markets, with its index rising by 14 percent and reaching a market value of AED652 billion.
Nasdaq Dubai also experienced significant growth, becoming one of the world’s leading hubs for Sukuk listings, with a value of listed Sukuk reaching $75 billion.
In the real estate sector, Dubai’s demand growth remained strong, with total transactions amounting to AED285 billion.
This performance aligns with the goals of Dubai Economic Agenda D33, aiming to create a highly competitive environment and infrastructure, making Dubai the world’s best place to live, visit, and work.
Sheikh Hamdan stressed that these exceptional results in the first half of 2023 strengthen their outlook for record-breaking achievements in the coming months.
Dubai aims to enhance the business environment and accelerate economic growth in line with the objectives of Dubai Economic Agenda D33, contributing to the emirate’s long-term goals.
SOURCE&CREDITS: arabianbusiness.com