Dubai's hedge fund sector is booming, significantly boosting the UAE economy. In 2023, the Dubai International Financial Centre (DIFC) authorized ten new hedge funds, marking a 125% increase in hedge fund managers establishing operations compared to the previous year.

Bas Kooijman, CEO of DHF Capital, highlighted how hedge funds are fueling the UAE’s growth, particularly with Dubai’s growing millionaire population seeking investment opportunities. “Hedge funds bring global capital to Dubai, supporting sectors like real estate, tech, and infrastructure while creating high-value jobs,” he noted.

Dubai: A Growing Wealth Hub

With over 72,000 millionaires, Dubai is rapidly becoming a top financial hub. The number of high-net-worth individuals in the UAE is expected to rise by 40% by 2031, further solidifying the city’s appeal to global investors.

As hedge fund activity rises, DIFC is now home to 13 of the world’s top 100 hedge funds, managing at least $1 billion each. Kooijman added, “Dubai is now the leading financial center in the Middle East, with DIFC at the heart of this transformation.”

This hedge fund boom is set to further elevate the UAE’s status as a global financial leader.

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