With a dedicated Azure Event Hubs tier and 10 Capacity Units (CUs), you can create up to 500 event hub namespaces in your subscription1. The limit is 50 namespaces per CU, so with 10 CUs, you get 10 * 50 = 500 namespaces.
The 100 namespace limit per subscription applies to the Basic and Standard tiers, but for the Dedicated tier, the limit is higher and scales with the number of CUs you have
More at https://learn.microsoft.com/en-us/azure/event-hubs/event-hubs-quotas
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hth
Marcin