H.H. Sheikh Hamdan: Dubai achieved new levels of growth in H1 2023

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai's Crown Prince and Chairman of The Executive Council of Dubai, praised the city's exceptional economic performance in the first half of 2023.

"Dubai was at the forefront of many economic fields," Sheikh Hamdan said in a tweet on Sunday,

This is following a report, a summary of which was published by the national news agency WAM.

The report listed that Dubai had more than 8.5 million visitors in the first half of the year. Leading the charts for the second year running, Dubai was named the world’s top-ranked destination in Tripadvisor’s Travellers' Choice Awards 2023, further contributing to the D33 goal of making the city one of the world’s three top destinations for tourism and business.

It was also reported that Dubai has emerged as one of the world’s three most attractive cities for the wealthy and one of the cities that have recovered the fastest from the COVID-19 pandemic thanks to its strategic location, robust infrastructure, and economic growth.

It also said the value of Sukuk listed on Nasdaq Dubai rose to $75 billion, making it one of the world’s leading hub for Sukuk listings

The report announced that total property transactions in the city reached AED 285 billion, and Dubai Financial Market index rose 14 per cent to close at 3,792 points in the first six months of the year. 

Dubai’s real estate sector continued to grow in the first half of 2023, with total transactions reaching AED285 billion. 

Sheikh Hamdan added that "Dubai continues to reinforce its position as a major global economic hub, and will always be the best place to live and work worldwide".

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…

— Hamdan bin Mohammed (@HamdanMohammed) July 16, 2023