Dubai International Financial Centre (DIFC) published its 2024 results, reporting record combined revenues and operating profit alongside a sharp increase in firm registrations as it marked 20 years since establishment. Combined revenues rose to AED 1.78bn (USD 484mn), up 37 percent year-on-year, while operating profit increased to AED 1.33bn (USD 363mn), up 55 percent. The Centre reported 6,920 active companies at end-2024, up from 5,523 in 2023, supported by a record 1,823 new registrations. Technology and innovation was cited as the fastest-growing segment, with company numbers up 38 percent to 1,245, and the overall DIFC workforce rising 10 percent to 46,078; DIFC also reported that the Dubai Financial Services Authority regulated or supervised more than 900 entities at end-2024. Sector metrics included more than 260 banking and capital markets firms, 410 wealth and asset management firms (including 75 hedge funds), and 125 insurance and reinsurance-related companies, and DIFC noted it had enacted a Digital Assets Law to provide more certainty for market participants using digital currencies. Looking ahead, DIFC reiterated that a new Funds Centre announced during 2024 is set to open in 2025, and that the Dubai AI and Web3 Festival will become part of the inaugural Dubai AI Week in 2025.

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