Strategy Note /
United Arab Emirates

Dubai is back! But global headwinds a serious concern

  • Efficient Covid response, residency visa reform, high oil prices have driven a sharp Dubai property recovery post-2020

  • But global headwinds, which have derailed Dubai property before (2008-09 GFC, 2014-15 oil price crash), again picking up

  • Equity market bellwether Emaar and broader Dubai equity index do not appear compellingly valued versus history

Dubai is back! But global headwinds a serious concern
Hasnain Malik
Hasnain Malik

Strategy & Head of Equity Research

Tellimer Research
24 July 2022
Published byTellimer Research

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