Page 79 - SALIK PR REPORT OCTOBER 2023
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In Dubai, the property market is seen as being near or already at its peak,
while stock prices still have some ways to go.
“This can make them (stocks) a more inviting investment prospect, as their
lower
value in tandem with greater yields suggest UAE stocks are a better value-for-
money option relative to real estate,” says the Reidin-GCP report.
“The spate of new IPOs has resulted in a multi-fold increase in UAE volumes,
both at the retail and institutional level. With further IPOs in the pipeline we
anticipate there to be further value discovery.
“More importantly, with the impetus now on capital markets - with the change
in the UAE pension plan structure - valuations are expected to be attractive
relative to real estate markets on a replacement value basis.”
That’s slightly down the line – all that UAE investors are looking at is what’s
the next IPO coming out of the pipeline.
https://gulfnews.com/business/markets/uae-stocks-clock-starts-ticking-for-next-big-ipo-before-lulu-
groups-2024-float-1.1696392425844#lniyctz34mbvduabyrq
