Building the Bank of The Future
Dubai: Positioning for future growth
Dubai property prices growth
30
% y/y sales prices
GOGERN
25
-10
-15
Jan-15
Jul-15
Jan-16
Jul-16
Dubai Tourists
(in millions)
15.92
2018
16.73
2019
Real estate transactions
Existing properties
■ Off plan
Dubai apartments
-Dubai villas
40,000
35,000
30,000
25,000
20,000
15,000
10,000
Jan-17
Jul-17
Jan-18
Jul-18
Jan-19
Jul-19
Jan-20
Jul-20
Jan-21
Jul-21
Jan-22
Jul-22
5,000
Jan-23
Jul-23
0
7.28
5.51
2020
Source: UAE Central Bank, Bloomberg, UAE Ministry of Health, Asteco
Emirates NBD
60 years together
1601
Q1 2019 Q3 2019 Q1 2020 Q3 2020 Q1 2021 Q3 2021 Q1 2022 Q3 2022 Q1 2023 Q3 2023
Dubai occupancy rates and RevPAR
17.15
100
14.36
80
60
40
20
Occupancy % lhs -RevPAR USD rhs
250
200
150
100
50
0
0
2021
2022
2023
Jan-22
May-22
Sep-22
Jan-23
May-23
Sep-23
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