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Economy
Economy UAE
Saturday, October 3, 2026

Bitcoin Tops $87,000 Amid Institutional Buying and Rate Cut Hopes

Overview:

UAE capital markets continued to demonstrate investor confidence this week, with equity exchanges capturing significant new retail participation and real estate activity sustaining momentum. Concurrently, global energy markets faced pressure from fuel supply announcements by the Group of Seven, while cryptocurrency assets advanced on institutional demand. US labor data showed unexpected weakness, prompting declines in Treasury yields and supporting equities.

Details:

The Dubai Financial Market and Abu Dhabi Securities Exchange combined to register 8,919 new accounts during September 2026, with the former capturing 5,298 accounts and the latter 3,621. This retail participation growth underscores sustained appeal of UAE equity markets among individual investors.

Dubai's real estate sector posted 11.3 billion dirhams in weekly transaction volume across 4,077 deals, of which 2,871 were sales valued at 7.6 billion dirhams. A single residential transaction in Rawdha First comprised 525 land parcels at 1.65 billion dirhams. The Ministry of Finance formally listed the second issuance of retail government sukuk on Nasdaq Dubai, expanding fixed-income options for individual savers.

Bitcoin surpassed 86,000 and 87,000 USD price levels during the period, supported by institutional accumulation and expectations of lower US interest rates. The US economy added only 29,000 jobs in September—substantially below forecasts—triggering a sharp decline in Treasury yields. Ten-year yields fell to 5.18 percent, thirty-year yields to 5.57 percent. Global oil prices retreated 2.5 percent as the Group of Seven announced planned release of 100 million barrels from reserve stocks to address diesel supply concerns.

Ports and Logistics: Abu Dhabi Ports completed acquisition of Brazilian container terminal operator Corredor Logistica e Infraestrutura (CLI). Mubadala Investment Company led Gulf sovereign wealth activity during 2026, with the UAE emerging as the region's leading sovereign fund investor.

Outlook:

Investors are monitoring US Federal Reserve policy signals following weaker employment data and the trajectory of energy prices as coordinated fuel releases take effect. UAE market participants are tracking sustainability initiatives—including Dubai Chamber's Sustainability 365 campaign and cybersecurity partnerships—as structural supports for market deepening and institutional confidence.

UAE Brief

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