PORTFOLIO | Property Ready Reckoner
The
Realty Bet
Is 2016 going to be a reprise of 2008 for the UAE real estate market,
or a turnaround is in the offing? Sunil Kumar Singh tries to explore
T
here’s been lots of talk going around
UAE property market ‘slowdown’
— from buyers/investors singing
the blues, speculations about things
going from bad to worse, to likening
current market conditions to those of
2008, among others. Isn’t the
slowdown much hyped? Following a
flurry of noisy and negative gyrations
going nowhere, several recent trends
reiterate that the fundamentals of the
real estate market are being overlooked
or misinterpreted. Despite talk of gloom,
however, there’re reasons to
believe the property market remains
resilient.
The market seems to be in for a quiet
year and many suppose because there
was a rush into property a few years back,
it can be unsettling to see the market
going through
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www.wealth-monitor.com | April 2016