UAE real estate sector sees stagnation: experts | ZAWYA MENA Edition:
The real estate sector in the UAE is facing a stagnation, as property prices drop while investors tend to sell their units in a bid to avoid any risk that could impact their investments, analysts told Mubasher.
Following the global financial crisis in 2008, the GCC nation's real estate sector suffered a lot, as credit shrank, technical analyst Gamal Abdul Hamid commented.
This crisis resulted in an inflated supply and a deflated demand, which caused panic among investors and atmosphere of uncertainty, Abdul Hamid said.
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