The UAE’s real estate market is showing signs of recovery – nearly four years after the sector faced the fallout of the worst economic crisis in September 2008 that nearly halted most of the development activities.
Backed by a structured cash injection, careful re-engineering of major development companies and rescheduling of projects and debts, the sector is expected to rebound – although slowly, according to market experts.
“The overall residential market is seeing a positive trend with the villa market continuing to outperform the apartment sector in the second quarter of 2012,” real estate consultant, Jones Lang LaSalle (JLL), said in a recent report.
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