Funding & Liquidity Highlights
Dubai: Positioning for future growth
Key contributors to Dubai GDP
Other
Hospitality
ICT
4.4
6.3
4.8
6.9
Goverment
Construction
Transport
Real estate services
Manufacturing
Financial Services
11.0
8.4
8.6
12.4
14.6
Trade
22.6
0.0
5.0
10.0
15.0
20.0
25.0
Key Highlights
10
The Dubai PMI rose to 56.4 in July, the highest reading since mid-2019
Dubai tourism sector is expected to benefit from the Qatar World Cup
ENBD Research expects UAE GDP to grow by 5.7% and the non-oil
economy to grow by 4.0% in 2022
Dubai's sale price for villas up 30% and apartments up 24% y/y in Q2-
2022
Visitors to Dubai
In million tourists
8.36
8.06
8.10
2.52
7.12
Dubai occupancy rates and RevPAR
100
%
80
60
60
200
160
120
40
76.3
78.0
80
76.6
75.2
73.6
60
60.7
45.9
20
40
0
2016
2017
2018
2019
2021
2022
Source: UAE Central Bank, Bloomberg, UAE Ministry of Health, Asteco
2017
2018
Average hotel occupancy rates (LHS)
2019
2020
2021
0
2022
USD
Average revenue per available room RevPAR (RHS)
12View entire presentation