UAE property companies unlikely to face financing problems | GulfNews.com:
"Property companies, especially the rated entities in the UAE will have no difficulty in funding their ongoing and planned future projects the context of falling oil prices and its impact on economic growth, Franck Delage and Gregg Lemos-Stein, regional property analysts for S&P told Gulf News in an interview.
S&P analysts said they are anticipating a slowdown in property prices in the UAE which they see as a relatively short term challenge for the sector.
“We do factor some softening in the real estate prices in the next 12 to 15 months. There are some short term challenges one of which is the oil price decline. Oil prices could have an impact on corporate sentiment which could be reflected in the office real estate prices. On the retail segment too there could be some impact if consumption spending is impacted. On the residential side, weakening macroeconomic situation could dampen investor demand,” said Delage."
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