The emirates' real estate investors are prepared for the period after the crisis
According to MAG properties, the aim is not the survival of the crisis, but to set targets for the future
Most of the real estate investment companies, agencies and economic specialists agree in it, that the property market of the United Arab Emirates returns to its previous stability in the first half of the coming year
All this was discussed in Cityscape Connect forum, obn which almost all firms represented itself, which has a connection to the Emirates or to Dubai.
The participants agreed in it in generality, that they have already passed the bottom of the crisis, the only question is that how it is going to continue? MAG Properties was represented on the forum by its director, which has a 3 billion share in the investments of the Emirate.
Mohammed Nimer said: it is clear, that in order to beat the crisis, it is necessary to make effort, but it in order to be successful it is needed to plan in a bigger perspective, so we can avoid a newer decline.
As it was mentioned before, the economic indicators are currently all positive, according to an IMF forecast, the United Arab Emirates can count with a 3% GDP increase until the end of a year. The gap between the bank loans and deposits decreased in April by 5 billion AED, which is now 31 billion AED, the previous year it was 90 billion AED.
