Investor Presentaiton
Dubai: Positioning for future growth
Key contributors to Dubai GDP (Q1 2022)
In million tourists
7
4
Hospitality
ICT
4.4%
Other
14.6%
Trade
22.6%
6.3%
Goverment
4.8%
Construction
6.9%
% of total
.
Financial Services
12.4%
Transport
11.0%
Real estate
services
8.4%
Manufacturing
8.6%
Visitors (January-June)
8.36
8.06
8.10
7.12
2.52
Key Highlights
•
ENBD Research expects Dubai's economy to grow by 4.5% in 2022
Strong visitor numbers have given grounds for optimism, and Dubai Airports
expects that pre-Covid levels could be achieved as soon as 2024.
• Hotel occupancy averaged 73.6% in Dubai for H1-22, a significant
improvement on 2020 and 2021
%
100
200
Dubai occupancy rates and RevPAR (January-June)
88
80
160
60
40
76.3
78.0
76.6
75.2
20
73.6
60.7
45.9
120
80
60
40
USD
0
0
1
2016
2017
2018
2019
2020
2021
2022
2017
2018
2019
2021
2022
Average hotel occupancy rates (LHS)
Average revenue per available room RevPAR (RHS)
Source: STR Global, Bloomberg, DTCM, Dubai Statistics
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