The Leader of Gulf Stock Markets
DFM market capitalization of doubled from AED 394 billion in 2022 to AED 837 billion by mid-December 2024.
Mentioning that the general market index increased by 19% since the beginning of 2024, leading Gulf stock markets.
DFM saw three major initial public offerings (IPOs) in 2024 for “PARKN,” “Spinneys,” and “Talabat,” the largest private sector IPO in the UAE.
This cements Dubai’s position as a prime global destination for public listings.
Since the establishment of Dubai Supreme Committee for Financial Markets and Exchanges, Dubai has hosted 10 IPOs.
Raising over AED 43 billion with demand exceeding AED 1.2 trillion.
What are the Main Factors of DFM Market Capitalization Growth ?
Experts and financial market analysts anticipate continued growth in DFM market capitalization.
Potentially doubling in the next two years, driven by nine main factors:
- Increased offerings and listings
- Rising cash dividends to shareholders of listed companies
- Continued gains in leading stocks
- Strong corporate results
- Robust infrastructure and governmental support for all activities and innovations
- The strength of Dubai’s local economy
- Significant non-oil sector activity, especially in real estate and tourism
- The trend towards further interest rate cuts by the U.S. Federal Reserve
The United Arab Emirates University has achieved a remarkable achievement in the QS World Sustainability Ranking 2025, ranking first in the country, 58th in Asia, and 343rd globally. pic.twitter.com/Qh1azPsB5a
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International Interest
Damian Hitchin, CEO for MENA at Saxo Bank, predicted a positive outlook for new IPOs on DFM.
As they attracted 132,000 new investors this year, 85% of whom are foreigners.
Indicating strong interest in Dubai’s financial markets and raising prospects for continued IPO growth.
Hitchin also projected further growth driven by government company listings and family businesses seeking capital expansion.
As well as fintech companies aiming for public listings.
He noted that DFM rising market capitalization reflects strong growth, investor confidence, and Dubai’s economic prosperity.
Mentioning that innovations like ARENA platform is also facilitating IPOs which boost DFM’s attractiveness to issuers and investors alike.
