Dubai Stock Market Yields Over 11% Growth in 2023

Feb 19, 2026

76 min

Feb 19, 2026 00:31

Dh10,000 savings in Dubai stock market would profit you over Dh1,000 this year

## Investment Growth in Dubai

Investing in the Dubai Financial Market (DFM) at the beginning of 2023 has proven profitable, with the market experiencing a rise of over 11%. A Dh10,000 investment at the start of the year would now be valued at approximately Dh11,100. This growth is significant for long-term investors focusing on retirement or education savings.

## Drivers of Market Performance

Dubai's stock market has seen its strongest start in over a decade, driven by non-oil sectors such as real estate, banking, retail, and tourism. These sectors are integral to the local economy, contributing to the market's resilience even amidst global uncertainties.

## Key Contributors

Emirates NBD and Emaar Properties have been major contributors to the market's gains. Emirates NBD's shares rose by about 33% due to robust lending and profits, while Emaar Properties benefited from strong property sales. Together, these companies accounted for around 60% of the market's growth this year.

## Market Stability and Investment Potential

Dubai's economy, largely independent of oil, is bolstered by population growth and urban development. This economic model provides stability, making Dubai stocks appealing despite the absence of large tech firms. The market remains affordable, trading at lower multiples compared to other emerging markets.

## Considerations for Investors

While some caution that growth may not continue at the same pace, Dubai's limited exposure to oil price fluctuations and strong domestic growth offer some protection against global market shifts. For UAE residents, the focus remains on steady, long-term growth rather than short-term gains.

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