Dubai’s actual property market may discover it tough to attain a significant restoration within the close to future as a result of a ‘supply-demand imbalance’, a credit score analyst from S&P International Scores has stated.
In a report printed on RatingsDirect, entitled ‘The place is the Dubai Actual Property Market Headed?’, the scores company stated that it believes residential costs have fallen by round 10% since its final report on Dubai’s actual property sector in February 2019.
“The outlook stays weak within the fourth quarter as new provide hits the market,” Sapna Jagtiani, S&P International Scores credit score analyst, stated, including that the report addresses a few of the questions traders have requested about Dubai’s actual property market and its prospects.
“We consider Expo 2020, simply on the again of potential customer flows to the emirate, will ease short-term pressures on resorts and retailers. Nevertheless, it’s unlikely to materially enhance long-term circumstances in the true property sector,” she added.
“We anticipate costs to stay below strain throughout 2019-2020, and don’t foresee a significant restoration within the close to time period because of the present supply-demand imbalance,” Jagtiani concluded.
The publish Dubai real estate outlook weak due to supply-demand imbalance, says S&P Global Ratings appeared first on Middle East Construction News.
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