RPT-Fitch: Dubai prime property sector set for a strong start in 2014 | Reuters:
"Fitch Ratings says that the Dubai prime property sector is set up for a strong 2014 following a vibrant 2013. Notwithstanding the positive trend, uncertainty remains a concern for the real estate sector in general as several factors and events evolve, notably Middle East instability, Dubai's bid for the World Expo 2020 and major new real estate projects that are in the pipeline.
As per Fitch's expectation, retail rentals and hospitality revenues have been holding up and have shown healthy performance and growth since 2011 to date and are in a comfortable position for another good year in 2014. Additionally, residential prices and demand have shown recoveries in prime locations in Dubai, but secondary locations, including new projects will continue to be challenged over the medium term."
'via Blog this'
No comments:
Post a Comment