Covid-19 impact on UAE property sector: When will consumer confidence return?

  • Date: 31-May-2020
  • Source: Gulf Business
  • Sector:Real Estate
  • Country:UAE
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Covid-19 impact on UAE property sector: When will consumer confidence return?

In a post Covid-19 world, the property sector needs to adapt and re-align to meet customer demands and mitigate the long-term effects of the pandemic. Even during the best of times, the property market can be a stressful endeavour for even the most seasoned investors.. The real estate market has, for the most part, already identified pinch points and tried to mitigate the long term effects of this moment.. The market has adapted and matured, recognising the need to offer the growing population properties that can fit every budget.. Abu Dhabi has also witnessed a drastic upsurge in its real estate market, resulting in several investment opportunities for international companies and residents.. The increase in the tourism sector has opened up a new market for property investors.. Developers have made great gains in ensuring that the market has a healthy supply of affordable homes.. The goal must be to educate residents of the obvious financial benefits of buying..