About the DMO

The Public Debt Management Office(‘DMO’) was established pursuant to Law No. 8 of 2022 Regulating the Public Debt of the Government of Dubai, issued by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, in his capacity as the Ruler of Dubai.

The establishment of the DMO embodies the government's commitment to fortify its financial foundation and boost global competitiveness. The office efficiently meets the government's financing requirements and contributes to vital infrastructure projects across sectors, aligning with the leadership's vision.

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Key Numbers

Below are the key figures related to public finance, specifically the indebtedness and the current year-approved budget pursuant to Law No. (20) of 2023:

Public Debt

Total Debt

As of 2023
116
Billion
19.7 %
Compared to 2022

Debt to GDP

As of 2022
25
%

Current Year Budget (2024)

Revenue

89.6
Billion

Expenditure

80.1
Billion

Surplus/(Deficit)

6.0
Billion

About Dubai

Dubai stands as a prominent financial and commercial hub, firmly securing its place among the world's rapidly evolving and cosmopolitan cities. As one of the seven emirates comprising the United Arab Emirates, Dubai has established itself as a pivotal player on the global stage.

Situated on the southwest corner of the Arabian Gulf, Dubai spans an area of 4,114 square kilometers, making it the second-largest city in the United Arab Emirates. This strategic location has enabled Dubai to become a key world, trade, commercial and tourism hub.

Dubai exemplifies a diverse and dynamic economic landscape; its GDP is diversified and falls into twenty economic categories, with over 95% being non-oil based.

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About Dubai

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Sovereign Wealth Funds

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Dubai Economy

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Public Finance

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News and Publications

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2023 فبراير 20
20 February 2023
Dubai Government repays AED 4 billion worth of Sukuk
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2022 مايو 09
09 May 2022
Government of Dubai Establishes a Debt Management Office and Appoints a CEO
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2022 أبريل 26
26 April 2022
Hamdan bin Mohammed appoints CEO of Public Debt Management in Dubai's Department of Finance

Investor Relations

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