Investor Presentaiton

UAE economy rebounding with 5.7% growth expected in 2022 8.0 % y/y 4.0 0.0 -4.0 UAE GDP Growth 5.7 5.7 3.8 3.4 2.4 1.2 -4.8 -8.0 2017 2018 2019 2020 2021f 2022f 2023f Dubai property prices growth - March 2022 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 sale price for villas up 45% and apartments up 25% y/y in Q1- 2022 The UAE was a global leader in vaccination and one of the first economies to fully reopen 6 % 4 2 0 -2 UAE's consumer price inflation при سا и 50 % y/y Villas 40 -Apartments 30 20 10 0 -10 -20 -4 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 Mar-15 Dec-15 Sep-16 Jun-17 Mar-18 Dec-18 Sep-19 Jun-20 Mar-21 Dec-21 12

View entire presentation