‘A unicorn is a startup marked at USD 1 Billion or more. These are highly innovative and market disruptive startups. United Arab Emirates has more than 28.6K+ startups. Of these, 11 have become Unicorns, with the latest entrant to the club being Andalusia Labs on Dec 13, 2023. In 2024, United Arab Emirates has seen no new unicorn startups.’
‘Globally, United Arab Emirates is number 15 in terms of total Unicorns created, behind Netherlands (11 unicorns) at rank 14 and Australia (13 unicorns) at rank 13. Dubai leads the list of cities in United Arab Emirates with most unicorns at 9. It is followed by Abu Dhabi (2 unicorns). Among sectors, Consumer has seen the most unicorns created at 5, followed by Retail at 4, and Enterprise Applications at 3’
