Page 29 - UNION PROPERTIES PR REPORT - MARCH 2025

3/3/25, 12:30 PM UAE markets show resilience in February amid global volatility - Aletihad News Center
2025.

Talabat topped the monthly volumes traded chart recording 699.2 million traded shares followed by Union Properties
and Drake & Scull International which saw 664.7 million and 482.1 million of their shares change hands during the

month, respectively.

On the monthly value traded chart, Emaar Properties topped the list with Dh4.1 billion worth of shares changing hands

during the month, followed by Emaar Development and Dubai Islamic Bank which saw Dh2.8 billion and Dh1.2 billion
value of their shares traded, respectively.

Dubai’s real estate market continued to strengthen, with residential sale prices rising by 20% and rental rates
increasing by 19% in 2024, reflecting strong demand. The office market also demonstrated resilience, with a 17% rise

in rents, driven by multinational corporations expanding their operations in the emirate.

The tourism sector further supported the market’s positive trajectory, with Dubai welcoming 18.7 million overnight

visitors in 2024, representing a 9% year-on-year increase. Hotel occupancy rates remained strong at 78%, further
boosting consumer and hospitality-related stocks.

Despite some fluctuations across the region, GCC markets displayed resilience, with an overall year-to-date gain of
2.6%. Bahrain emerged as the best-performing market in February, rising 4.3%, driven by real estate and materials

sector growth. Kuwait’s market also performed well, gaining 4.1%, with its main Market Index leading at 4.7%.

Saudi Arabia, Qatar, and Oman experienced minor declines, primarily due to profit-taking in key sectors and volatility in

oil prices. However, analysts remain optimistic about the region’s broader economic prospects, with the World Bank
forecasting 3.4% growth for the GCC economies in 2025.

The UAE and GCC markets remain well-positioned for future growth, supported by strong government policies,
economic diversification, and solid corporate performance. The UAE continues to attract global investors, and as non-

oil sectors expand, market stability and growth are expected to persist.

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