{"id":99303,"date":"2024-12-31T00:00:00","date_gmt":"2024-12-31T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/uae-banks-positioned-for-7-8-growth-in-2024-2025\/"},"modified":"2024-12-31T00:00:00","modified_gmt":"2024-12-31T00:00:00","slug":"uae-banks-positioned-for-7-8-growth-in-2024-2025","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/12\/31\/uae-banks-positioned-for-7-8-growth-in-2024-2025\/","title":{"rendered":"UAE banks positioned for 7-8% growth in 2024-2025"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>UAE banks are expected to achieve net income growth between 7-8% annually in <\/strong><strong>2024 <\/strong><strong>and 2025<\/strong>, on the back of robust borrowing demand from businesses, <a target=\"_blank\" href=\"https:\/\/www.albayan.ae\/economy\/business\/uae-economy\/17452\" style=\"\" rel=\"noopener\">Al<\/a><a target=\"_blank\" href=\"https:\/\/www.albayan.ae\/economy\/business\/uae-economy\/17452\" style=\"\" rel=\"noopener\">Bayan<\/a> reports, citing a Bloomberg Intelligence report. Loans from local lenders are projected to grow 11% in 2024, and at least 9% in 2025, underpinned by active project pipelines across the country.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A healthy pipeline: <\/strong>The UAE has approximately USD 358 bn in projects underway over the next five years, fueling an anticipated 6-8% annual wholesale loan growth. Major initiatives include Etihad Rail, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/26868934-27b4-44e7-a8b3-6c41a5dca8d4\/emirati-climate-tech-investors-choose-mena-%2B-africa-over-traditional-markets-for-growth\" style=\"\" rel=\"noopener\">metro developments<\/a>, and water infrastructure projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Large-scale real estate developments in Dubai make up a bulk of this pipeline<\/strong>, with developers preparing to deliver <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f4aa2499-f4e4-475c-8998-b0ac70cc6faa\/s&p-global-pushes-back-its-expectation-of-a-cooldown-in-the-property-market-on-persistent-demand\" style=\"\" rel=\"noopener\">182k units<\/a> between 2025 and 2026. This growth comes on the back of rising home prices in the emirate, which increased <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/effa129f-34c4-4be5-9b7a-39350354b277\/dubai-home%253cmark%253e-prices%253c%2Fmark%253e-to-rise-8%2525-next-year--knight-frank\" style=\"\" rel=\"noopener\">19.9% y-o-y<\/a> in 3Q 2024 due to high demand and limited supply. Meanwhile, Knight Frank projects an additional <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/effa129f-34c4-4be5-9b7a-39350354b277\/dubai-home-prices-to-rise-8%2525-next-year--%253cmark%253eknight-frank%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">8%<\/a> rise in real estate prices in 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ongoing project activity is expected to fuel wholesale loan growth of 6-8% over the next five years<\/p>\n","protected":false},"author":1,"featured_media":99304,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1618],"tags":[159,7,98],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-99303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-banking","tag-enterpriseam-uae","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"2757566e-e163-410e-a9cc-9138783ff1cb","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/2388.jpg","photo_position":"above","homepage_title":"","full_issue_title":"UAE banks positioned for 7-8% growth in 2024-2025","related_issue":[99296],"teaser":"Ongoing project activity is expected to fuel wholesale loan growth of 6-8% over the next five years","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.3e414c05-23f4-45d6-9c83-c7bc0ddbc07c.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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