Dubai Aims for Top 3 Global Financial Hub Status with Ambitious Growth Strategy by 2025
October 13, 2025
Dubai is actively working to become one of the top three global financial centers by encouraging listings of family businesses and startups, and attracting new asset managers and family offices.
In 2025, Dubai's Dubai Financial Market (DFM) experienced a 14.7% rise in its general index, reaching a market capitalization of Dhs1 trillion, with major IPOs like ALEC Holding and DU highlighting its robust capital market.
Dubai has established itself as a major hub for virtual assets, with the Virtual Assets Regulatory Authority (VARA) facilitating transactions totaling Dhs2.5 trillion year-to-date and managing assets exceeding Dhs9.6 billion, making Dubai the world's largest licensed virtual assets market.
The city’s strategic plan includes 15 transformative programs over three years focused on capital markets, asset and wealth management, SME financing, virtual assets, and fintech, all aimed at creating a sustainable and innovative financial ecosystem.
Sheikh Maktoum bin Mohammed Al Maktoum approved the Dubai Financial Sector Strategy, a comprehensive plan to position Dubai as a leading global financial hub, with ambitions to double its contribution to GDP and expand assets under management.
Currently ranked 11th globally in the Global Financial Centers Index, Dubai shows strong potential for future growth and significant gains in the coming years.
The Higher Committee for the Development of the Economic and Financial Sector oversees policy implementation, promotes competitiveness, and aims to establish Dubai as a premier destination for finance, investment, and entrepreneurship.
Dubai hosts over 40 licensed virtual asset service providers and more than 600 registered firms involved in advisory, technology, or trading, focusing on infrastructure development and expanding its virtual assets ecosystem.
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Gulf Business • Oct 13, 2025
Dubai Financial Sector Strategy gets nod, here's what it entails