UAE real estate achieves six positive indicators in 2019

UAE real estate achieves six positive indicators in 2019

The UAE's real estate sector achieved six positive indicators in 2019 despite the economic slowdown in the GCC and the Middle East, highlighted by a surge in asset revenues, ownership rights revenues and profits in various indicators, said a report. The companies, Emaar and Aldar, dominated the real estate sector, representing around 46 per cent of the total value of the market, which comprises 13 companies, reported state news agnecy Wam. A recent report by the bank showed that the sector's profitability is generally good, mainly driven by solid profits achieved by Emaar and Aldar last year. On the liquidity front, the report pointed out some indicators that showed the presence of a stable economic environment, with current liquidity being around 1.7 per cent, and the sector's debt to leverage ratio being just