The report’s main finding are that liquidity tightness is more likely to slow rather than collapse Dubai’s economy. As a result, its outlook for Dubai real estate - particularly government-backed developers - remains positive.
In particular, the report states that concerns that have been raised over the viability of the local Emaar’s projects have been deemed too harsh. In spite of any specific percentage fall in property prices, land prices rose approximately 50 per cent in the first half of 2008, therefore there is little change overall.
You might also like...
Oman receives Madha industrial city tender prices
19 April 2024
Neom seeks to raise funds in $1.3bn sukuk sale
19 April 2024
Saudi firm advances Neutral Zone real estate plans
19 April 2024
Algeria signs oil deal with Swedish company
19 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.