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AB Live: Real estate activity during Covid-19

S&P Global Ratings has issued a report ‘Covid-19 Dampens The Prospects of EMEA Real Estate Developers and Homebuilders’ suggesting that the ratings firm expects negative pressure on GDP and employment across most key sectors such as tourism and retail in the United Arab Emirates, as well as for some small and mid-size enterprises, all of which could weigh on demand for new properties.

By ITP

The real estate sector is an important part of the UAE’s activity. The current supply-demand imbalance in the sector, particularly in Dubai, has been exacerbated by the pandemic’s effects.

Sapna Jagtiani from S&P Global gives the real estate outlook for Dubai with Emaar Properties, Emaar Malls, Damac Properties, DIFC Investments and Majid al Futtaim as refernce.

(Source: Arabian Business YouTube channel)

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