Emirates NBD Investor Presentation
Dubai: Positioning for future growth
Dubai property prices growth
50
% y/y
40
30
20
10
0
(10)
(20)
Jun-15
Dec-15
Dubai tourists
In million tourists
Jun-16
Dec-16
Jun-17
Dec-17
2017
16.7
15.8
15.9
2018
2019
-Villas
-Apartments
Jun-18
Dec-18
Jun-19
Dec-19
Jun-20
7.3
5.5
2020
Source: UAE Central Bank, Bloomberg, UAE Ministry of Health, Asteco
Dec-20
14.4
Jun-21
Dec-21
Jun-22
Dec-22
Thousands
Real estate transactions
â– Existing properties
Off plan
35
30
25
20
15
10
5
0
........
Q1-19
Q2-19
Q3-19
Q4-19
Q1-20
Q2-20
Q3-20
Q4-20
Q1-21
Q2-21
Q3-21
Q4-21
Q1-22
Q2-22
Q3-22
Q4-22
Q1-23
Dubai occupancy rates and RevPAR (Jan-Apr)
100
80
60
40
6.0
20
2021
2022
Apr-23
2019
2020
2021
2022
U
200
160
120
80
40
Average hotel occupancy rates (LHS) -Average revenue per available room RevPAR (RHS)
2023
USD
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