Dubai’s capital market continues to captivate international attention with its extraordinary growth. In 2024, the Dubai Financial Market achieved a remarkable milestone with its market capitalisation crossing AED801 Billion($218.1 billion) by early December. This reflects a 100% increase since 2022, positioning Dubai as a dynamic financial hub.
International investors have significantly contributed to Dubai’s capital market success, comprising 47% of total trading activity. The market’s appeal was further demonstrated by the addition of over 132,000 new investors in 2024, with 85% originating from foreign markets. Notably 35% of these international investors were from the Asia-Pacific region.
The DFM general index led regional performance for the second year in a row, achieving a 19% growth rate. This steady growth shows the strength of Dubai’s financial system and its ability to attract and keep investors confident.
Strategic Public Offerings
In 2024, the DFM hosted three landmark IPOs Parkin, Spinneys, and Talabat, further cementing Dubai’s reputation as a premier market for public listings. These IPOs contributed to a total of 10 listings since the Higher Committee’s inception, raising over AED43 billion ($11.7 billion) and generating demand exceeding AED1.2 trillion ($326.7 billion).
Leadership in Sukuk and Fixed Income Securities
Nasdaq Dubai solidified its position as the top global venue for Sukuk listings by value and ranked first regionally for debt instrument listings. With 51 Sukuk and bond listings valued at AED360 billion ($98 billion), the market continues to lead in fixed-income securities, which collectively reached AED528 billion ($143.8 billion) in value.
Additionally, 45% of issuers were international, with contributions from sovereign entities across China, Hong Kong, Indonesia, Turkey, the Philippines, and the Maldives.
Innovations in Virtual Assets
The Virtual Assets Regulatory Authority continues to play a critical role in establishing Dubai as a leader in the virtual assets sector. By enhancing its infrastructure and fostering a resilient virtual asset ecosystem, VARA is creating a safe, innovative environment for service providers and users. These efforts complement Dubai’s broader economic vision and position the city as a global innovator in emerging financial technologies.
Strategic Vision and Initiatives
In line with His Highness Sheikh Mohammed bin Rashid Al Maktoum’s vision to position Dubai as one of the world’s top four financial hubs under the Dubai Economic Agenda D33, the Committee has launched several key initiatives, including:
Green Bonds and Sukuk: Projects valued at $27 billion to promote sustainable financing.
IPO Accelerator Programme: Helping local businesses prepare for public listings and navigate the IPO journey effectively.
xCube Market Maker and Trading App: Innovations to enhance trading efficiency and market accessibility.
Carbon Credit Trading Pilot: Reinforcing Dubai’s commitment to sustainability and green finance.
As Dubai continues to lead the way in capital market development and innovation, the accomplishments of 2024 stand as a testament to its enduring vision and ambition. Through strategic initiatives and a steadfast commitment, Dubai is set to remain a beacon of financial excellence on the global stage.
As One Investments continues to expand its advisory services in Dubai, we offer you the opportunity to capitalize on the region’s upward economic trend. Our expertise is built on the pillars of quality, sustainability, and luxury, guiding clients to make informed investment decisions in projects that align with their lifestyle aspirations.
Ready to take advantage of the growth and secure your future with strategic investment opportunities? Give us a call today.
