How sound are Dubai’s finances?

Have a look yourself: 



Dubai Debt profile

https://dmo.dof.gov.ae/en/debt-profile/

This is Dubai’s Debt Management Office and this website is a look at how they're managing public debt. There’s data on distribution, maturity profiles and historical debt. 





• Total public debt is currently AED 116 BN - $31 bn (22% of nominal GDP).

• Public debt has actually decreased since 2022. 



• In 2009, Dubai’s debt to GDP was estimated at 120 - 140% (estimated $60 - 90 bn)

Central Bank of the UAE

https://www.centralbank.ae/en/research-and-statistics/



Loads of detailed health checks, stress tests on the 61 banks operating in UAE - considered the fastest growing financial center of the world.

• Dubai’s 31 banks have total assets of AED 2 trillion ($540 bn)



• Abu Dhabhi’s 21 banks have total assets of nearly AED 2.2 tn ($600 bn) trillion

So they are both major financial centers.