Dubai realty market on solid track due to lucrative business ambiance

  • Date: 27-Jan-2021
  • Source: Gulf Today
  • Sector:Real Estate
  • Country:UAE
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Dubai realty market on solid track due to lucrative business ambiance

Inayat-ur-Rahman, Deputy Business Editor

 

The UAE real estate sector market is on solid growth track and is marching ahead in 2021 due to major incentives launched by the government and lucrative business ambiance in the country.

 

This was stated by  Muhammad Binghatti, CEO,  Binghatti Developers during an exclusive interview with Gulf Today, adding that the country has succeeded in providing all public and private services, which greatly contributed to mitigating the expected impact of the pandemic on the real estate sector, thanks to the proactive measures of the government, digital transformation and technological progress.

 

He noted that these measures also helped in strengthening and supporting various economic activities, and greatly boosted the speedy recovery and resumption of normal economic activity. They are added to a number of measures and packages of initiatives to limit the effects of the virus outbreak.

 

He stressed the fact that the UAE provides opportunities for success and was up to the challenges. The local economy overcame the crisis, and UAE is leading in the Arab world with indicators of economic recovery from the effects of COVID-19.

 

Binghatti believes that the rapid handling and smart response by the government to the pandemic contributed to supporting the real estate market in Dubai