UAE Real Estate Market Review and Forecast 2021
- Date: 07-Feb-2021
- Source: Dubai Chronicle
- Sector:Real Estate
- Country:UAE
UAE Real Estate Market Review and Forecast 2021
Knight Frank is pleased to announce the release of its UAE Market Review and Forecast 2021.
The report provides an overview and outlook of the key real estate sectors including the residential, office, hospitality, industrial and retail sectors in Abu Dhabi and Dubai.
Taimur Khan, Associate Partner at Knight Frank Middle East, stated: “Despite being presented with an unprecedented set of challenges in 2020, real estate markets across the UAE have proved to be remarkably resilient. Whilst both developers and investors recognise the downside risks bought about by the pandemic, they also understand that these are short to medium term risks in nature, rather than a long term shifts in market fundamentals. More so, regulatory changes from both the federal government and local governments have significantly bolstered these fundamentals over the last year. The easing of a number of geopolitical issues over the course of 2020 will also further strengthen market fundamentals.
As a result, despite some of the intrinsic challenges which real estate market faces, we remain optimistic in our outlook and believe there are pockets of opportunities
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