The Arab States have long faced a challenge in promoting women’s economic participation, with only one in every five women of working age engaged in economic activities. However, recent developments in the UAE suggest a promising trend. As the country’s real estate sector continues to boom, an increasing number of women are taking a keen interest in building their financial portfolios. In fact, recent data from the Dubai Land Department (DLD) reveals that 26,698 women have invested in real estate, contributing a staggering AED 58.8Bn to the sector. Such growth has led to women owning an impressive 30% of the property in Dubai, according to a recent government study.

Similarly, women-led enterprises in the UAE have reported highly profitable results, with over 23,000 such businesses valued at AED 50 billion in the country. Despite such impressive developments, however, women continue to remain underrepresented in investing space. According to the Dubai Islamic Economy Development Centre, women make up only 21% of investors in the UAE, with the remaining 79% being men.

While these developments in the UAE are certainly an indication of an impending shift in the long-dominant narrative, they are still very much the exception rather than the norm in the Arab world, particularly in conflict-affected areas. Nonetheless, by recognizing and supporting the impressive achievements of women in finance, investing, and beyond, the region can continue to make great strides toward realizing gender equity and a more prosperous future for all.

As we approach this year’s International Women’s Day on March 8th, we are taking a moment to honor the women playing a crucial role in reshaping the industry. These luminaries have shattered glass ceilings, challenging traditional norms and perceptions about gender roles in finance and investing, and have established themselves as role models for future generations of women. Their influence has paved the way for more equitable opportunities for women in finance, breaking down long-standing barriers to entry and transforming the industry for the better.

Find some of the leaders we’re spotlighting during Women’s Week at Stake below!

In recent years, there has been a notable increase in female participation and leadership within the finance and investment industries in the Middle East. Their contributions have been significant, and their unique perspectives have generated innovative ideas, paving the way for future generations of women to take on increasingly prominent leadership roles. Onwards and upwards 🚀