UAE’s real estate recovery is supported by solid fundamentals: S&P | GulfNews.com:
"Real estate prices in the UAE are showing signs of stabilisation after strong growth in the past two years, particularly in Dubai, according to global credit rating agency Standard & Poor’s.
The rating agency believes a big drop in prices is unlikely in the short term, and that’s good news for the country’s banks, which have large loan exposures to the real estate sector.
“The residential sector real estate prices are near the 2008 peak with fewer empty units in the market. With strong economic growth and population growth supporting the sector, the recovery looks healthy,” said Tommy Trask, Director of Corporate Ratings at Standard & Poor’s."
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