Dubai Stock Market Soars: 5 Reasons Behind 12-Year High Amidst Global Instability

• Dubai Financial Market Index up over 11% this year, marking its strongest start in 12 years.
• Less dependence on oil, with 95% of GDP from non-oil sectors like real estate, banking, and retail, shields it from oil price volatility.
• Strong banking sector growth, led by Emirates NBD Bank PJSC (up 33%), and a booming real estate market, with Emaar Properties PJSC delivering double-digit returns, fuel the rally.
• Robust economic growth projected at 5% by 2026, driven by population increase, tourism, and urban activities, directly boosts company earnings.
• Attractive valuations (11x forward earnings vs. 13x for other emerging markets) continue to draw foreign investor interest despite significant gains.