The Dubai Financial Market (DFM) has reported a net profit before tax of AED 930.8 million for the first nine months of 2025, marking a 212% increase compared to the same period in 2024. Total consolidated revenue reached AED 1.1 billion, a 138% year-on-year rise, driven by continued growth in trading activity and Dubai’s expanding capital markets ecosystem.
During the same period, the DFM General Index (DFMGI) climbed 13.2%, closing at 5,839.64 points, underscoring investor confidence and market momentum. Market capitalization grew 9.7% from year-end 2024, reaching AED 995 billion, as DFM attracted more issuers and investors across multiple sectors.
Helal Saeed Al Marri, Chairman of DFM, said:
“DFM’s performance in the first nine months of 2025 reflects the strength and vitality of Dubai’s capital markets and the growing confidence of global investors. The sustained growth in trading activity and market capitalization highlights the continued success of DFM’s strategy to deepen liquidity, attract global participation, and enhance market accessibility. As Dubai continues to consolidate its status as a global financial centre, DFM remains committed to fostering innovation, transparency, and sustainable market growth, in alignment with the objectives of the Dubai Economic Agenda (D33).”
Exceptional Financial Performance and Expanding Trading Volumes
DFM’s revenue composition reflected strong operational and investment performance. Operating income contributed AED 409.7 million, while investment returns and other income added AED 216.5 million. Additionally, income from the sale of an investment property generated AED 467.2 million, all supported by solid market performance and prudent management.
Total expenses (excluding tax) stood at AED 162.6 million, slightly above AED 161.6 million in the same period of 2024, reflecting sustained investment in technology and infrastructure. As a result, net profit before tax climbed from AED 298.7 million in 2024 to AED 930.8 million in 2025.
Trading volumes also surged. The average daily traded value reached AED 709 million, an 83% increase from AED 387 million a year earlier. Meanwhile, total traded value jumped 82% to AED 133 billion, and daily trades rose 48% to 13,600. These figures highlight stronger institutional participation, deepening liquidity, and greater cross-border investor engagement — all supported by Dubai’s resilient economic fundamentals.
Growing Investor Base and Dynamic Market Expansion
DFM continued to attract a wider investor base, welcoming 82,742 new investors by the end of September 2025. Notably, 84% were foreign, bringing the total investor base to over 1.2 million. Foreign investors accounted for 51% of total trading value, while institutional investors represented 70%, reaffirming DFM’s position as a regional hub for international capital. Foreign ownership remained solid at 20% of total market capitalization, demonstrating sustained confidence in Dubai’s markets.
The secondary share sale by du marked the first-ever fully marketed secondary public offering in the UAE, drawing robust participation from both domestic and international investors. Similarly, ALEC Holding’s Initial Public Offering (IPO) in September 2025 underscored the growing diversity of sectors listing on the exchange. These offerings further enhanced market liquidity and showcased DFM’s ongoing success in diversifying listings and expanding capital access.
Reinforcing Market Depth and Sectoral Diversity
By the end of September 2025, DFM’s total market capitalization stood at AED 995 billion, reflecting a balanced sectoral mix. Financials represented 42%, Real Estate 19%, Utilities 16%, and Industrials 12%, while Communication Services contributed 4%, with the remainder spread across Consumer Staples and other sectors. This balance highlights Dubai’s diversified economy and DFM’s commitment to attracting high-growth and emerging industries, strengthening the city’s global competitiveness.
Hamed Ali, CEO of DFM and Nasdaq Dubai, stated:
“DFM’s robust performance for the first nine months of 2025 reflect steady progress in executing our strategic priorities, deepening market liquidity, broadening participation, and enhancing access for both local and international investors. The strong investor appetite and sustained IPO activity highlight growing confidence in Dubai’s capital markets and the strength of our platform as a preferred destination for issuers. Looking ahead, we remain committed to advancing digital transformation, expanding our product offering, and driving innovation to support long-term growth and reinforce DFM’s position as one of the region’s leading capital markets.”
