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Eid Mubarak from Peninsula Real Estate . #eid #eid Eid Mubarak from Peninsula Real Estate
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#eid #eid2021 #eidalfitr #peninsulareh #research #data #infographics #charts #statistics #datastorytelling #datavisualization #data #datajournalism #graphs #chartdesign #instagood #instadaily #analysis #dataanalysis #mena #middleeast #gcc #uae #saudiarabia #qatar #kuwait #oman #bahrain

Eid Mubarak from Peninsula Real Estate
.
#eid #eid2021 #eidalfitr #peninsulareh #research #data #infographics #charts #statistics #datastorytelling #datavisualization #data #datajournalism #graphs #chartdesign #instagood #instadaily #analysis #dataanalysis #mena #middleeast #gcc #uae #saudiarabia #qatar #kuwait #oman #bahrain
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24 0
How far have the UAE and KSA progressed towards fi How far have the UAE and KSA progressed towards fiscal sustainability?
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Year-to-date, a barrel of Brent crude oil has sold for, on average, $61.55; and the current price is hovering just below $70 a barrel. If oil prices stay in the $60s range for the rest of 2021, the UAE's fiscal accounts at a general government level (federal + Abu Dhabi + Dubai + northern Emirates) are set to break even this year. Put another way, the deficit of around 7% of GDP in 2020 will shrink to zero in 2021. Saudi's fiscal breakeven oil price (according to the IMF) is $65.7 a barrel, so a deficit of under 5% of GDP looks likely: still a huge turnaround from around 11% in 2020.
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Since the end of the oil bull market in mid-2014, both Saudi Arabia and the UAE have made huge strides to cut costs and broaden the government revenue base in order to put their respective fiscal accounts on a long-term, sustainable footing. While this may have taken a toll on domestic economic growth, it is important for long-term growth prospects.
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#peninsulareh #research #data #infographics #charts #statistics #datastorytelling #datavisualization #data #datajournalism #graphs #chartdesign #instagood #instadaily #analysis #dataanalysis #mena #middleeast #gcc #economics #economy #oil #sustainability #uae #saudiarabia #art #artwork #instagood #instachart

How far have the UAE and KSA progressed towards fiscal sustainability?
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Year-to-date, a barrel of Brent crude oil has sold for, on average, $61.55; and the current price is hovering just below $70 a barrel. If oil prices stay in the $60s range for the rest of 2021, the UAE's fiscal accounts at a general government level (federal + Abu Dhabi + Dubai + northern Emirates) are set to break even this year. Put another way, the deficit of around 7% of GDP in 2020 will shrink to zero in 2021. Saudi's fiscal breakeven oil price (according to the IMF) is $65.7 a barrel, so a deficit of under 5% of GDP looks likely: still a huge turnaround from around 11% in 2020.
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Since the end of the oil bull market in mid-2014, both Saudi Arabia and the UAE have made huge strides to cut costs and broaden the government revenue base in order to put their respective fiscal accounts on a long-term, sustainable footing. While this may have taken a toll on domestic economic growth, it is important for long-term growth prospects.
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#peninsulareh #research #data #infographics #charts #statistics #datastorytelling #datavisualization #data #datajournalism #graphs #chartdesign #instagood #instadaily #analysis #dataanalysis #mena #middleeast #gcc #economics #economy #oil #sustainability #uae #saudiarabia #art #artwork #instagood #instachart
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61 0
How has Covid affected Government fiscal balances How has Covid affected Government fiscal balances in the UAE, KSA, UK and US?
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Every government in the world has seen a deterioration of its fiscal position as a result of Covid-19; whether through falling revenue or rising costs (to offset the economic damage). In the Gulf, deficits have predominantly been an outcome of falling oil and gas revenue; in the US and UK, predominantly an effect of increased spending. In 2020, the fiscal deficit, expressed as a percent of GDP, was 17% in the UK, 16% in the US, 11% in Saudi Arabia and 7% in the UAE.
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While fiscal deficits are forecast to narrow in 2021; the IMF is expecting deficits in the Gulf to return to pre-Covid levels; an outcome not expected in the US and the UK. This reflects how higher oil prices are helping government revenue in the UAE and KSA to bounce back to 2019 levels; while government spending in the US and UK, to support the economy, will continue to be elevated throughout much of 2021.
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#peninsulareh #research #data #infographics #charts #statistics #datastorytelling #datavisualization #data #datajournalism #graphs #chartdesign #instagood #instadaily #analysis #dataanalysis #mena #middleeast #gcc #economics #economy #oil #covid19 #uae #saudiarabia

How has Covid affected Government fiscal balances in the UAE, KSA, UK and US?
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Every government in the world has seen a deterioration of its fiscal position as a result of Covid-19; whether through falling revenue or rising costs (to offset the economic damage). In the Gulf, deficits have predominantly been an outcome of falling oil and gas revenue; in the US and UK, predominantly an effect of increased spending. In 2020, the fiscal deficit, expressed as a percent of GDP, was 17% in the UK, 16% in the US, 11% in Saudi Arabia and 7% in the UAE.
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While fiscal deficits are forecast to narrow in 2021; the IMF is expecting deficits in the Gulf to return to pre-Covid levels; an outcome not expected in the US and the UK. This reflects how higher oil prices are helping government revenue in the UAE and KSA to bounce back to 2019 levels; while government spending in the US and UK, to support the economy, will continue to be elevated throughout much of 2021.
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#peninsulareh #research #data #infographics #charts #statistics #datastorytelling #datavisualization #data #datajournalism #graphs #chartdesign #instagood #instadaily #analysis #dataanalysis #mena #middleeast #gcc #economics #economy #oil #covid19 #uae #saudiarabia
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46 0
How has Covid affected Government revenue in the U How has Covid affected Government revenue in the UAE, KSA, UK and US?
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Covid has had an enormous economic impact on the world; and there is no country that has escaped unscathed. Government finances have also been seriously affected, in some cases because of dramatic increases in spending, in other cases, because revenues have fallen significantly.
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In the UAE and Saudi Arabia, government revenue fell as a result of the decline in oil prices, which still accounts for the majority of government revenues in both countries. In the UK and US, while government revenue fell in 2020 versus 2019, by 5% and 1% respectively, revenues held up much better than might have been expected. Many companies continued to post large profits, and unemployment was contained. Higher earners, who provide the vast majority of income tax receipts, were able to keep working from home.
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#peninsulareh #research #data #infographic #charts #statistics #datastorytelling #datavisualization #data #datajournalism #graphs #chartdesign #instagood #instadaily #analysis #dataanalysis #mena #middleeast #gcc #economics #economy #covid19 #revenue

How has Covid affected Government revenue in the UAE, KSA, UK and US?
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Covid has had an enormous economic impact on the world; and there is no country that has escaped unscathed. Government finances have also been seriously affected, in some cases because of dramatic increases in spending, in other cases, because revenues have fallen significantly.
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In the UAE and Saudi Arabia, government revenue fell as a result of the decline in oil prices, which still accounts for the majority of government revenues in both countries. In the UK and US, while government revenue fell in 2020 versus 2019, by 5% and 1% respectively, revenues held up much better than might have been expected. Many companies continued to post large profits, and unemployment was contained. Higher earners, who provide the vast majority of income tax receipts, were able to keep working from home.
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#peninsulareh #research #data #infographic #charts #statistics #datastorytelling #datavisualization #data #datajournalism #graphs #chartdesign #instagood #instadaily #analysis #dataanalysis #mena #middleeast #gcc #economics #economy #covid19 #revenue
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30 0
How has Covid affected Government spending in the How has Covid affected Government spending in the UAE, KSA, UK and US?
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While Covid has presented every country around the world with fiscal challenges, these challenges have not necessarily been the same. Some countries have witnessed large declines in government revenue, others have increased spending, often in dramatic fashion.
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In 2020, the US and UK led the way in increasing spending in response to Covid. In the US, this involved sending checks to citizens; in the UK this involved providing support to businesses to keep people employed. Either way, spending increased by over 25% in both countries. In the UAE and Saudi Arabia however, with revenues declining due to lower oil price, both governments kept tight control over spending. Both the UAE and Saudi Arabia continue to show their commitment to ensuring long term fiscal sustainability. 
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#peninsulareh #research #data #infographic #charts #statistics #datastorytelling #datavisualization #data #datajournalism #graphs #chartdesign #instagood #instadaily #analysis #dataanalysis #mena #middleeast #gcc #economics #economy #gdp #covid19

How has Covid affected Government spending in the UAE, KSA, UK and US?
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While Covid has presented every country around the world with fiscal challenges, these challenges have not necessarily been the same. Some countries have witnessed large declines in government revenue, others have increased spending, often in dramatic fashion.
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In 2020, the US and UK led the way in increasing spending in response to Covid. In the US, this involved sending checks to citizens; in the UK this involved providing support to businesses to keep people employed. Either way, spending increased by over 25% in both countries. In the UAE and Saudi Arabia however, with revenues declining due to lower oil price, both governments kept tight control over spending. Both the UAE and Saudi Arabia continue to show their commitment to ensuring long term fiscal sustainability.
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#peninsulareh #research #data #infographic #charts #statistics #datastorytelling #datavisualization #data #datajournalism #graphs #chartdesign #instagood #instadaily #analysis #dataanalysis #mena #middleeast #gcc #economics #economy #gdp #covid19
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37 0
What makes the UAE ideal for eCommerce growth? - T What makes the UAE ideal for eCommerce growth?
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The penetration of eCommerce in the UAE is currently low, compared to other rich nations. According to data published by VISA, eCommerce accounts for 4% of wholesale and retail sales of goods and services in the UAE versus 16% in the UK, and 12% in the US.
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However, there is every reason to assume that penetration will grow hugely over the coming years. Both internet and smartphone penetration in the UAE are very high by international standards, at 91% and 66% respectively. This is on par with the US, where internet penetration is 95% and smartphone penetration is 69%; and much higher than in Saudi Arabia, where penetration is 73% and 62% respectively. 
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#peninsulareh #research #data #infographic #charts #statistics #datastorytelling #datavisualization #data #datajournalism #graphs #chartdesign #instagood #instadaily #analysis #dataanalysis #mena #middleeast #gcc #economics #economy #uae #internet #socialmedia #ecommerce

What makes the UAE ideal for eCommerce growth?
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The penetration of eCommerce in the UAE is currently low, compared to other rich nations. According to data published by VISA, eCommerce accounts for 4% of wholesale and retail sales of goods and services in the UAE versus 16% in the UK, and 12% in the US.
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However, there is every reason to assume that penetration will grow hugely over the coming years. Both internet and smartphone penetration in the UAE are very high by international standards, at 91% and 66% respectively. This is on par with the US, where internet penetration is 95% and smartphone penetration is 69%; and much higher than in Saudi Arabia, where penetration is 73% and 62% respectively.
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#peninsulareh #research #data #infographic #charts #statistics #datastorytelling #datavisualization #data #datajournalism #graphs #chartdesign #instagood #instadaily #analysis #dataanalysis #mena #middleeast #gcc #economics #economy #uae #internet #socialmedia #ecommerce
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18 0
How does online shopping in the UAE compare to mor How does online shopping in the UAE compare to more mature markets?
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Online retail spending habits in the UAE differ significantly from those in 'mature' markets, such as the US, UK and the EU, where online shopping is more established, according to survey work undertaken in Q1 2020 by Visa. 
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For instance, the penetration of apparel and accessories sales is 27 percentage points less in the UAE than in mature markets. This may reflect the comparative difficult of returning unwanted goods in the UAE. It may also reflect a deeply embedded shopping mall culture in the Gulf.
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Penetration rates are comparatively higher in the UAE for the sale of airline tickets (+21 percentage points), telecoms/utilities services (+ 25 percentage points) and other retail goods (+25 percentage points). 
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#peninsulareh #research #data #infographic #charts #statistics #datastorytelling #datavisualization #data #datajournalism #graphs #chartdesign #instagood #instadaily #analysis #dataanalysis #mena #middleeast #gcc #economics #economy #ecommerce

How does online shopping in the UAE compare to more mature markets?
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Online retail spending habits in the UAE differ significantly from those in 'mature' markets, such as the US, UK and the EU, where online shopping is more established, according to survey work undertaken in Q1 2020 by Visa.
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For instance, the penetration of apparel and accessories sales is 27 percentage points less in the UAE than in mature markets. This may reflect the comparative difficult of returning unwanted goods in the UAE. It may also reflect a deeply embedded shopping mall culture in the Gulf.
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Penetration rates are comparatively higher in the UAE for the sale of airline tickets (+21 percentage points), telecoms/utilities services (+ 25 percentage points) and other retail goods (+25 percentage points).
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#peninsulareh #research #data #infographic #charts #statistics #datastorytelling #datavisualization #data #datajournalism #graphs #chartdesign #instagood #instadaily #analysis #dataanalysis #mena #middleeast #gcc #economics #economy #ecommerce
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28 0
How advanced is e-commerce in the UAE? - E-commerc How advanced is e-commerce in the UAE?
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E-commerce penetration in the UAE continues to lag more 'mature' markets, such as the UK, US and France. According to a survey conducted by Visa in early 2020, e-commerce accounted for 4% of total wholesale and retail spending on goods and services. The equivalent number in the UK is 16%, in the US 12%, and in France 11%.
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The gap between the UAE and mature markets is even greater in the retail segment: according to Visa, online spending accounted for 14% of sales in the UAE compared to 39% in mature markets. In this regard, Covid-19 is likely to have a huge impact, accelerating e-commerce penetration rates dramatically. 
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#peninsulareh #research #data #infographic #charts #statistics #datastorytelling #datavisualization #data #datajournalism #graphs #chartdesign #instagood #instadaily #analysis #dataanalysis #mena #middleeast #gcc #economics #economy #gdp

How advanced is e-commerce in the UAE?
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E-commerce penetration in the UAE continues to lag more 'mature' markets, such as the UK, US and France. According to a survey conducted by Visa in early 2020, e-commerce accounted for 4% of total wholesale and retail spending on goods and services. The equivalent number in the UK is 16%, in the US 12%, and in France 11%.
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The gap between the UAE and mature markets is even greater in the retail segment: according to Visa, online spending accounted for 14% of sales in the UAE compared to 39% in mature markets. In this regard, Covid-19 is likely to have a huge impact, accelerating e-commerce penetration rates dramatically.
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#peninsulareh #research #data #infographic #charts #statistics #datastorytelling #datavisualization #data #datajournalism #graphs #chartdesign #instagood #instadaily #analysis #dataanalysis #mena #middleeast #gcc #economics #economy #gdp
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72 0
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4 weeks ago

Peninsula Real Estate
How have warehouse rental values changed in Dubai since 2007?
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Broadly speaking, warehouse rents have followed trends in GDP growth. At the beginning of the period, when Dubai was booming, average warehouse rents were 46 Dirhams per square foot. In the following years, prices fell significantly, bottoming in 2011 at 24 Dirhams psf. Dubais economy recovered, with GDP growth peaking in 2015. Since then, warehouse rental values have slid again, as Dubais economy has felt the knock-on effects of weaker oil prices in the region.
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In 2020, rents averaged 23 Dirhams psf, back at the post-global financial crisis lows. With growth returning, we expect to see a stabilisation of rents. It will also be interesting to see whether strong growth in e-commerce impacts the market in the coming years, perhaps decoupling the sector from broader economic trends.
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#peninsulareh #research #data #infographic #charts #statistics #datastorytelling #datavisualization #data #datajournalism #graphs #chartdesign #instagood #instadaily #analysis #dataanalysis #mena #middleeast #gcc #economics #economy #warehouse #dubai

How have warehouse rental values changed in Dubai since 2007?
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Broadly speaking, warehouse rents have followed trends in GDP growth. At the beginning of the period, when Dubai was booming, average warehouse rents were 46 Dirhams per square foot. In the following years, prices fell significantly, bottoming in 2011 at 24 Dirhams psf. Dubai's economy recovered, with GDP growth peaking in 2015. Since then, warehouse rental values have slid again, as Dubai's economy has felt the knock-on effects of weaker oil prices in the region.
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In 2020, rents averaged 23 Dirhams psf, back at the post-global financial crisis lows. With growth returning, we expect to see a stabilisation of rents. It will also be interesting to see whether strong growth in e-commerce impacts the market in the coming years, perhaps decoupling the sector from broader economic trends.
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#peninsulareh #research #data #Infographic #charts #statistics #datastorytelling #datavisualization #Data #datajournalism #graphs #CHARTDESIGN #instagood #instadaily #analysis #dataanalysis #MENA #middleeast #gcc #economics #economy #warehouse #dubai
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2 months ago

Peninsula Real Estate
How did Qatars economy perform to end Q3 2020?
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Like much of the rest of the world, Qatars economy struggled during 2020, when major lockdowns were in place to fight Covid-19. The largest slowdown in growth was experienced in Q2, with non-oil GDP shrinking by 9.1% when compared to Q2 2019. Activity started to grow again in Q3; such that for the first three quarters combined of 2020, non-oil GDP was 3.5% smaller than 2019.
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The worst performing sectors up to the end of Q3 2020 year-over-year were hotels and restaurants, transport and communication, and wholesale and retail trade; precisely as one would expect given the impact of the pandemic.

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#peninsulareh #research #data #infographic #charts #statistics #datastorytelling #datavisualization #data #datajournalism #graphs #chartdesign #instagood #instadaily #analysis #dataanalysis #mena #middleeast #gcc #economics #economy #gdp

How did Qatar's economy perform to end Q3 2020?
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Like much of the rest of the world, Qatar's economy struggled during 2020, when major lockdowns were in place to fight Covid-19. The largest slowdown in growth was experienced in Q2, with non-oil GDP shrinking by 9.1% when compared to Q2 2019. Activity started to grow again in Q3; such that for the first three quarters combined of 2020, non-oil GDP was 3.5% smaller than 2019.
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The worst performing sectors up to the end of Q3 2020 year-over-year were hotels and restaurants, transport and communication, and wholesale and retail trade; precisely as one would expect given the impact of the pandemic.

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#peninsulareh #research #data #Infographic #charts #statistics #datastorytelling #datavisualization #Data #datajournalism #graphs #CHARTDESIGN #instagood #instadaily #analysis #dataanalysis #MENA #middleeast #gcc #economics #economy #GDP
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2 months ago

Peninsula Real Estate
How much cheaper has it become to stay in a hotel in Dubai?
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Since 2014, both the average daily rate charged by hotels in Dubai, and the average revenue per available room have declined each year. For instance, the average daily rate in 2014 was AED 860; in 2019 it was AED 547, 36% lower. During the period, occupancy levels slipped by just a few percentage points, from 79% to 74%. Essentially, an increasing number of hotel rooms were filled by lowering room rates.
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The impact of Covid-19 can be seen in 2020 figures; with occupancy dropping to 43%. This explains why although average daily rates only fell by 15%, revenue per available room fell by 51%.
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#peninsulareh #research #data #infographic #charts #statistics #datastorytelling #datavisualization #data #datajournalism #graphs #chartdesign #instagood #instadaily #analysis #dataanalysis #mena #middleeast #gcc #economics #economy #hotels

How much cheaper has it become to stay in a hotel in Dubai?
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Since 2014, both the average daily rate charged by hotels in Dubai, and the average revenue per available room have declined each year. For instance, the average daily rate in 2014 was AED 860; in 2019 it was AED 547, 36% lower. During the period, occupancy levels slipped by just a few percentage points, from 79% to 74%. Essentially, an increasing number of hotel rooms were filled by lowering room rates.
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The impact of Covid-19 can be seen in 2020 figures; with occupancy dropping to 43%. This explains why although average daily rates 'only' fell by 15%, revenue per available room fell by 51%.
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#peninsulareh #research #data #Infographic #charts #statistics #datastorytelling #datavisualization #Data #datajournalism #graphs #CHARTDESIGN #instagood #instadaily #analysis #dataanalysis #MENA #middleeast #gcc #economics #economy #hotels
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2 months ago

Peninsula Real Estate
Does Dubai dominate the UAEs tourist industry?
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According to data from the World Travel and Tourism Council, travel and tourism spending in Dubai accounts for 57% of the UAEs total travel and tourism GDP. Perhaps this is lower than one might expect, but reflects the increasing draw of Abu Dhabi and Emirates such as Ras Al Khaimah and Fujairah, which are heavily geared to tourism.
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Not surprisingly, Hong Kong, Singapore and Macau sit at the top of the table on this metric; given that these three cities are, in effect, city-states.
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#peninsulareh #research #data #infographic #charts #statistics #datastorytelling #datavisualization #data #datajournalism #graphs #chartdesign #instagood #instadaily #analysis #dataanalysis #mena #middleeast #gcc #economics #economy #tourist

Does Dubai dominate the UAE's tourist industry?
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According to data from the World Travel and Tourism Council, travel and tourism spending in Dubai accounts for 57% of the UAE's total travel and tourism GDP. Perhaps this is lower than one might expect, but reflects the increasing draw of Abu Dhabi and Emirates such as Ras Al Khaimah and Fujairah, which are heavily geared to tourism.
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Not surprisingly, Hong Kong, Singapore and Macau sit at the top of the table on this metric; given that these three cities are, in effect, city-states.
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#peninsulareh #research #data #Infographic #charts #statistics #datastorytelling #datavisualization #Data #datajournalism #graphs #CHARTDESIGN #instagood #instadaily #analysis #dataanalysis #MENA #middleeast #gcc #economics #economy #tourist
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2 months ago

Peninsula Real Estate
How does Dubais tourist industry compare to the biggest tourist cities in the world?
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In 2018, travel and tourist related spending was $12.6 billion in Dubai; putting the Emirate in the top 20 city destinations in the world. Shanghai was number one, attracting total spending of $35.9 billion. Most of the spending came from domestic tourism rather than from international arrivals.
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Tourism makes up a relatively large amount of Dubais economy (11.5%), compared to many cities in the chart (e.g. Shanghai 6.1%, Paris, 4.1%, London 1.9%). However, the proportion is much less that cities such as Macau and Las Vegas.
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#peninsulareh #research #data #infographic #charts #statistics #datastorytelling #datavisualization #data #datajournalism #graphs #chartdesign #instagood #instadaily #analysis #dataanalysis #mena #middleeast #gcc #economics #economy #tourist #tourism

How does Dubai's tourist industry compare to the biggest tourist cities in the world?
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In 2018, travel and tourist related spending was $12.6 billion in Dubai; putting the Emirate in the top 20 city destinations in the world. Shanghai was number one, attracting total spending of $35.9 billion. Most of the spending came from domestic tourism rather than from international arrivals.
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Tourism makes up a relatively large amount of Dubai's economy (11.5%), compared to many cities in the chart (e.g. Shanghai 6.1%, Paris, 4.1%, London 1.9%). However, the proportion is much less that cities such as Macau and Las Vegas.
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#peninsulareh #research #data #Infographic #charts #statistics #datastorytelling #datavisualization #Data #datajournalism #graphs #CHARTDESIGN #instagood #instadaily #analysis #dataanalysis #MENA #middleeast #gcc #economics #economy #tourist #tourism
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Peninsula Real Estate Releases Results of the Home Sentiment Survey Q3 2020 for MENA

Read Here:

https://www.peninsula-reh.com/research-paper/home-sentiment-survey-quarter-3-2020/

We are delighted to launch our third home sentiment survey.

We would like to include your views, experiences and your expectations of the MENA residential real estate.

Survey Link:
https://lnkd.in/eA8M5CH

Our latest @peninsula_reh #research is out now!

https://www.peninsula-reh.com/research-paper/are-ksas-and-the-uaes-currency-pegs-here-to-stay/