Investor Presentaiton

UAE economy rebounding with 5.7% growth expected in 2022 8.0 % y/y UAE GDP Growth 4.0 3.9 2.4 1.2 1.1 0.0 -4.0 -5.0 7.0 3.9 -8.0 2017 2018 2019 2020 2021 2022f 2023f Dubai property prices growth - June 2022 Key Highlights • • The Dubai PMI rose to 56.4 in July, the highest reading since mid-2019 Dubai tourism sector is expected to benefit from the Qatar World Cup ENBD Research expects UAE GDP to grow by 5.7% and the non-oil economy to grow by 4.0% in 2022 • Dubai's sale price for villas up 30% and apartments up 24% y/y in Q2- 2022 8 % y/y 6 50 50 % y/y -Villa -Apartments 40 4 30 2 20 10 0 0 -2 -10 -4 -20 -6 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Source: UAE Central Bank, Bloomberg, UAE Ministry of Health, Asteco Dubai CPI 1/1/2019 6/1/2019 11/1/2019 4/1/2020 9/1/2020 2/1/2021 7/1/2021 12/1/2021 5/1/2022 12

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