Investor Presentation
Forecasted non-oil GDP growth revised up to 5% in 2023
UAE GDP Growth
1.3
1.1
0.7
-5.0
4.4
7.9
3.6
2.9
Key Highlights
.
The Dubai PMI rose to a three-month high of 56.1 in September 2023
on strong business outlook
Dubai tourism flourishing with visitors exceeding 11mn during 2023
Dubai's Villa sales prices rose 17.1% y/y and Apartments up 15.8%
y/y in Q2 2023
Office rents rose 18% y/y in Q2 2023.
Off-plan sales made up 56% of total residential transactions
•
2017
2018
2019
2020
2021
2022
2023f
2024f
Key contributors of Dubai GDP - H1 2023
Other
26
Trade
24
Transport
14
Financial Services
12
Manufacturing
Real Estate Services
8
8
00
ICT
5
Dubai private school enrollments
(in thousand pupils)
12%
365
326
288
289
242
252
260
267 276
275
231
212
III
Sep-12
Sep-13
Sep-14
Sep-15
Sep-16
Sep-17
Sep-18
Sep-19
Sep-20
Sep-21
Sep-22
Sep-23
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