A display element (10) includes an upper substrate (first substrate) (2), a lower substrate (second substrate) (3), and a polar liquid (16) that is sealed in a display space (S) formed between the upper substrate (2) and the lower substrate (3) so as to be moved toward an effective display region (P1) or a non-effective display region (P2). A rib (14) hermetically divides the inside of the display space (S) in accordance with each of a plurality of pixel regions (P). A movement space (K) in which an oil (insulating fluid) (17) is moved is provided for each of the pixel regions (P).