The Dubai International Arbitration Centre (DIAC) is the region’s largest alternative dispute resolution centre. As a non-profit organisation, DIAC allows parties from all nationalities and jurisdictions to settle commercial disputes outside judicial courts.
DIAC was established in 1994 as the Dubai Chamber of Commerce & Industry’s Commercial Conciliation and Arbitration Centre. A decade later, it evolved as the Dubai International Arbitration Centre (DIAC) under Decree No. (10) of 2004.
In September 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum Vice President and Prime Minister of the UAE and Ruler of Dubai, issued Decree No. (34) of 2021 on the Dubai International Arbitration Centre (DIAC). The Decree rendered DIAC an independent entity, modernised its corporate governance framework, and reinforced its position as the leading arbitration centre in Dubai.
Since its inception, DIAC has gained extensive expertise in arbitration case management, securing the resolution of nearly 5000 cases, varying in value, complexity, and economic sector. The total number of registered cases reached an aggregate value of around AED 70 billion, equivalent to USD 19.1 billion.
As part of DIAC’s commitment to continuous development and efforts to consolidate Dubai’s position as an international dispute resolution hub through alternative methods, the Centre introduced its new Arbitration Rules in 2022. These rules address the evolving needs of arbitration and business communities and optimise and improve the efficiency of arbitration procedures.
Today, DIAC is on a mission to provide unmatched ADR services by embracing Excellence as a Standard, Integrity as a Compass, and Equity as a Principle.