Emirates NBD Hyperinflation and Financial Performance Review

2017 2018 2019 2020 Source: UAE Central Bank, Bloomberg, UAE Ministry of Health, Asteco 2021 2022 Jul-23 2020 2019 2021 2022 2023 Average hotel occupancy rates (LHS) -Average revenue per available room RevPAR (RHS) וויד י 15.8 15.9 16.7 Jun-15 Dec-15 Jun-16 Dubai tourists In million tourists Dec-16 Jun-17 Dec-17 (10) (20) 50 % y/y 40 30 20 10 0 Jun-18 Dec-18 Jun-19 Dec-19 Jun-20 -Villas -Apartments Dubai property prices growth Dec-20 14.4 Jun-21 Dec-21 Jun-22 Dec-22 Thousands 160 Dubai occupancy rates and RevPAR (Jan-Jun) 100 Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 0 25 20 15 10 5 35 30 Real estate transactions Dubai: Positioning for future growth ■Existing properties Off plan USD 15

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