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

Strategy & Head of Equity Research @ Tellimer Research
