Investor Presentaiton
UAE economy rebounding with 5.7% growth expected in 2022 Highlights
Income
Expenses
Risk
Capital
Liquidity
Macro
Divisional
8
% y/y
4
0
-4
3.4
2.4
1.2
UAE GDP growth
-6.1
2.5
•
5.7
6.1
-8
2017
2018
2019
2020
2021e
2022f
2023f
50
% y/y
40
30
20
10
0
Dubai property prices growth
-Villas
Apartments
Key Highlights
The UAE economy enjoyed a strong finish to 2021, with Expo 2020 and
increased tourism boosting domestic demand
ENBD Research expects UAE GDP to grow by 5.7% and the non-oil
economy to grow by 4.0% in 2022
• Dubai's average sale price for villas up 27% and apartments up 10% y/y
in 2021
The UAE was a global leader in vaccination and one of the first
economies to fully reopen
UAE's Covid-19 response
5,000
300
Daily New COVID-19 Cases
Vaccination Doses adminstered per 100 people
250
4,000
3,000
96% of population
fully vaccinated
2,000
1,000
200
150
100
-10
50
-20
0
0
Dec-14
Dec-15
Dec-16
Dec-17
Dec-18
Dec-19
Dec-20
Dec-21
Jan-20
Jun-20
Nov-20
Apr-21
Sep-21
Feb-22
Source: UAE Central Bank, Bloomberg, UAE Ministry of Health, Asteco
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