The Dubai International Financial Centre (DIFC) Courts have announced impressive figures for the first half of 2024, demonstrating continued growth as a leading forum for English-language dispute resolution.
Over this period, a total of 480 cases were filed, valued at AED 1.05 billion, with the main Court of First Instance (CFI) accounting for 57 cases worth AED 1.02 billion, averaging AED 39.3 million per case.
His Excellency Justice Omar Al Mheiri, Director of DIFC Courts, noted a strong uptake in both core and ancillary services, including the tejouri digital vault, reflecting the Dubai Government's push for paperless solutions. In line with this initiative, 100% of orders and judgments were issued digitally, with 96% of CFI hearings conducted remotely.
The operational capacity of the Small Claims Tribunal (SCT) was robust, with 265 claims filed, totaling AED 27.2 million. Most claims arose from disputes related to breach of contract, employment, and property tenancy.
Additionally, the DIFC Courts registered 810 Wills, marking a 6% increase from the previous year, alongside a 20% rise in tejouri registrations. This secure digital vault service is vital for safeguarding important life documents.
The DIFC Courts also received the Green Certificate from Moro Hub for their sustainability efforts, highlighting their commitment to energy-efficient practices. The recent Decree No. (29) of 2024, issued by His Highness Sheikh Mohammed bin Rashid Al Maktoum, further clarifies jurisdictional conflicts within Dubai's judicial framework.
As the DIFC celebrates its 20th anniversary, these developments underscore its pivotal role in fostering a stable business environment and enhancing investor confidence.
