UAE-Israel treaty will boost trade, drive real estate market

UAE-Israel treaty will boost trade, drive real estate market

The peace treaty between the UAE and Israel is a game-changing initiative and will open up new horizons that would benefit key economic sectors and bring prosperity to the region, industry experts say.

On Saturday, the UAE scrapped an economic boycott against Israel, allowing trade and financial agreements between the countries in another key step towards normalising ties. The two countries are expected to hold talk this week to promote bilateral cooperation in sectors such aviation, tourism, trade, finance, health, energy and security.

The strategic deal, which still awaits negotiations on details such as opening embassies, trade and travel links before it is officially signed, will benefit the Dubai real estate sector and attract more investment from an untapped market