Record 42% Increase in Central Bank of the UAE’s Gold Reserves

The Central Bank of the UAE has reported a significant 42% annual increase in its balance, amounting to approximately 8.5 billion dirhams, which brings the cumulative balance to 28.9 billion dirhams by the end of June this year.

Data from the Central Bank indicates that its gold reserves have seen a rise of around 26% during the first half of this year, adding roughly 6 billion dirhams to the cumulative total recorded at the end of the previous year.

Business

Similar news

Dubai Housing Market Sees Sharp Sales Decline as Buyers Reassess Investments

Dubai residential sales fell 47% in Q3 2026 to AED 72.6 billion as regional uncertainty, weaker demand and rising supply reshaped property investment trends.

Sobha Realty Invests $600 Million to Expand Into US Housing

Dubai-based Sobha Realty plans to invest $600 million in about 700 Texas homes as it expands its property development business across the US.

Dubai Property Market Shifts as Developers Adapt to Consolidation

Dubai’s property market enters a consolidation phase as developers focus on financial resilience, construction capacity and flexible buyer payments.

Dubai Property Market Moves Toward a New Balance in 2027

Rising housing supply could reshape Dubai real estate in 2027 as investors face softer prices, wider choice and stronger competition among developers.