GCC real estate market eyes price cut, mergers

GCC real estate market eyes price cut, mergers

The impact of the COVID-19 pandemic is being felt in major industries in the region, including the real estate market, where developers are eyeing a reduction in unit prices by as much as 25% and company mergers to minimise business risks and significantly increase the ease of doing business.

As uncertainty continues, real estate developers are deploying a range of measures and policies to mitigate the ongoing challenges, succeed in strengthening their position and deepen their relationships with their employees, investors, end-users and other stakeholders.

Eng. Marwa A. Murad, Managing Director of Maximiliano Development Management Services (MDMS) says: "One of the major risks facing the real estate market is the inability of buyers