Will COVID-19 Result In Mergers Between GCC Real Estate Companies?

  • Date: 01-Sep-2020
  • Source: Al Bawaba
  • Sector:Real Estate
  • Country:GCC
  • Who else needs to know?

Will COVID-19 Result In Mergers Between GCC Real Estate Companies?

A Saudi-based development management service company, MDMS provides interior and architectural designs including engineering services.

 

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

 

MDMS Managing Director Engineer Marwa A. Murad said: "One of the major risks facing the real estate market is the inability of buyers to pay the installments so strategies must be adopted such as the reduction in unit prices by 25% in the event of cash sales and small developers who may face the risk of bankruptcy might consider merging with another developer to protect its business."

"Since the virus outbreak, there has been a stiff competition between real estate developers and it