UAE real estate market showing positive signs | ZAWYA MENA Edition:
The UAE real estate market is maturing and expected to recover post-Expo 2020 with help from the government’s newly implemented reforms, according to speakers at the Institute of Chartered Accountants in England and Wales (ICAEW) roundtable in Dubai.
ICAEW’s Corporate Finance Faculty (CFF) roundtable on the future of supply and demand of commercial and residential properties in the UAE discussed the need for a more sustainable balance between market supply and demand, a post-event press statement by the institute said.
The statement said the speakers agreed that the UAE real estate landscape is growing, highlighting the rise in secondary market transactions in recent months compared to previous years. But they also noted that the pick-up in investments is yet to overturn the supply in residential properties.
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