UAE keeps seeing ample cash come in

UAE keeps seeing ample cash come in

Once upon a time, an investor had an idea about allocating capital. He wrote it down. What happened next? In America, prices of luxury real estate have started to get into negative territory after a dizzying bull run sparked by the post-Covid stimulus. On a national level, median prices have fallen by the most since the 2007 housing bust, indicating that higher mortgage rates are starting to bite the median household. This has been accompanied by the fact that M2 (a measure of money supply) contracted by 4 per cent - its first ever contraction since the number was measured. This strengthens the belief that tighter monetary conditions are laying the ground for further asset price falls, and also raised hopes for interest rate reductions towards the end of the year as an economic slowdown finally starts to take hold and reverse inflationary pressures. In the UAE, no one has gotten the memo, as liquidity gushers continue unabated with record demand for IPOs as well as for real estate assets. Despite broader market averages being slightly lower for the year, recent IPOs have performed exceptionally well. And transactions in the real estate market continue to scale new highs. What are