7.6 billion dirhams claims before the “Dubai International Financial Courts”

The Dubai International Financial Center courts revealed today, the most prominent statistics related to the cases brought to them at the present time, which reflects the continuous growth of its activity and the increasing trend towards resorting to it, as the courts maintained their pioneering position in the field of commercial and civil disputes settlement, thanks to the services and individuals they provide to companies and individuals. Distinguished and effective judicial, confirming its commitment to transparency and providing statistics regularly and on a quarterly basis through its website, in support of the needs of legal specialists, companies and the public.
Strong confidence in the courts of the Dubai International Financial Center was reflected in the size of cases before the courts and its departments, which recorded 114 cases with a total value of 7.6 billion dirhams.
The average value of the cases registered with the Courts of First Instance amounted to 103.3 million dirhams, while the cases related to the arbitration department were registered with the highest value in 2024, when the total value of the cases amounted to 6.8 billion dirhams, with an average of 356.1 million dirhams per case.
The Civil and Commercial Department recorded 82 cases in 2024, with a total value of 854.1 million dirhams and average of 16.4 million dirhams of the case.
Two claims were registered with the Department of Technology and Building in 2024, with a total value of the claims of 14.2 million dirhams, and an average of 7.1 million dirhams of the lawsuit.
The great demand for the arbitration department continued in 2024, especially for the mechanisms of temporary measures and judicial orders followed by the department, as it recorded 28 cases with a total value of 6.8 billion dirhams, and with an average of a claim of 356.1 million dirhams.
The Digital Economy Court registered two cases in 2024, with the value of total claims of 10.2 million dirhams.
The lawsuits filed before the courts of first courts included a group of sectors, including banking and financial services, retail, manufacturing, encrypted currencies and real estate, and included disputes related to the violation of contracts, insolvency, arbitration and employment agreements.
The courts witnessed a total of 350 implementation cases during the year 2024, an increase of 8% on an annual basis, in an indicator that enhances their reliability record in business departments in terms of its implementable provisions, while the total number of issues presented in all the center circles increased 10%.
“The courts of the Dubai International Financial Center in 2024 have registered a strong demand for basic dispute settlement services in addition to our additional services, which reflects the confidence of customers with the courts after 20 years of its establishment, and its preservation of its position As a preferred option they have. “
He added: “Our commitment to moving forward is highlighted in achieving our mission and providing the latest services to customers with the courts through the reinforcements that our team witnessed during the year 2024 by appointing three new international judges, in addition to launching new mediation and documentation services.”
He explained that the small lawsuit court recorded 592 cases in 2024, an increase of 13% compared to the year 2023. The cases filed before the court mainly on the disputes of violation of contracts, banking and financial cases and employment cases.
In reference to the increasing demand for the Small Court of Law for the settlement of disputes related to small and medium -sized companies, Martin indicated that the total value of the cases registered in the year 2024 at the court amounted The Small Supplies Court in 2024 is up to 106,000 fat.
He emphasized that the courts of the Dubai International Financial Center continued in 2024 their non -promoted strategy, as 1942 issued a digital order and 174 digital rulings and conducted 99% of the sessions through its digital platforms for listening sessions.
For his part, the director of the Dubai International Financial Center Courts, Judge Omar Al -Muhairi, said: “Individuals and companies in our new societies that depend on digital technology appear in a growing desire to obtain easy public services,” stressing, “The Dubai International Financial Center courts are keen to expand their services. Introduction to the public in 2024 to meet this requirement, which reflects the strong economic momentum resulting from the implementation of the Dubai Economic Agency D33 and Dubai digital strategy.
He added: “Our mission of 2024 was to launch innovative and efficient digital regulations in terms of cost to help dealers with the court, as well as enhance judicial excellence by updating our cases management systems and upgrading our cadres from judges.”
The significant increase in the registration of the commandments was the most prominent development in the support services provided by the courts of the Dubai International Financial Center, as the service registration service in 2024 witnessed remarkable growth of 21% on an annual basis at 1822 wills, while the total number of requests to prove the health of the commandments in the year reached the year The past, 30 requests, an increase of 7% over 2023.
The total number of law firms registered in 2024 reached 208 companies, an increase of 11.2% over 2023.
The total number of registered practitioners was 1072 practitioners in 2024, an annual increase of 19%.
The first volunteer legal services program in the region continued its work through field consulting clinics in 2024, and succeeded in helping more than 800 people, while volunteer support was from 39 registered lawyers and 44 lawyers.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter