How UAE real estate markets might fare in a post-Covid world

How UAE real estate markets might fare in a post-Covid world

The UAE's real estate sector is set for a long climb back. But after the challenges of 2020, but there are glimmers of hope

Despite being among the many driving forces for the UAE's economic growth over the past two decades, the real estate sector was already battling sluggish market conditions long before Covid-19 arrived. But the pandemic, in combination with the postponement of Expo 2020, long positioned as a major catalyst for the sector since its announcement in 2013, have added further instability, characterised by projects delayed, demand in decline and both values and rental yields reflecting the unfavourable climate.

There is also material uncertainty in the sector's investment market performance, and experts believe this scenario is likely to remain well into 2021.

The questions now being asked, for what seems like