Emirates NBD Investor Presentation H1 2021
Dubai: property and tourism sectors continues to recover in the second half of the year
Highlights
Dubai Residential transactions
30,000
27,208
⚫ Dubai Land Department figures show that property transaction volumes for H1-21
increased 79% compared to H1-20 driven by the strong rise in mortgages
25,000
TH1 2020 TH1 2021
39
.
In H1-21, sales values reached USD 39 billion, up 100% compared to H1-20. New
supply and population dynamics remain headwinds in the near to medium term
19
20,000
Visitor numbers have continued to recover in the first six months of 2021 reaching
2,500,000 although this is around 70% lower than the number of international visitors to
Dubai the same period two years ago
• Dubai's hotel occupancy recovered to 61% in the first half of 2021, up significantly from
the 46% reading in the same period last year, as hotel operators continue to discount
prices to attract back customers
•
Revenue per available room (RevPAR) was higher for the first half of the year averaging
USD 85, higher than the USD 62 average in H1-2020, but still markedly lower than
pre-pandemic levels
Top visitors by nationality in H1 2021
5,000
0
15,429
15,000
10,000
10,811
Total Value in USD bn
5,425
600
in thousand tourists
500
1,328 1,703
Sales
Mortgages
Other
Dubai occupancy rates and RevPAR
100
■Jul-Nov 2020
EH1 2021
80
180
400
150
409
286
60
300
120
%
200
40
40
90
210
100
20
131
73
20
26
76.3
78.0
76.6
75.2
60.7
45.9
00
USD
660
33
38
0
100
94
35
0
90
67
12 64
30
30
India
Russia
KSA
USA
France
Egypt
Kazakhstan
Germany
Source: STR Global, Bloomberg, DTCM, DLD
H1 2016 H1 2017 H1 2018
Average hotel occupancy rates (LHS)
0
H1 2019 H1 2020
H1 2021
Average revenue per available room RevPAR (RHS)
Economic Environment
25
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