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Dubai developers have been receiving stable incomes for the fourth year in a row. According to S&P Global Ratings, "sufficient" liquidity will allow developers to increase capital expenditures and dividend payments.
Among the main factors influencing the situation, experts call favorable payment terms for real estate buyers and excellent results of pre-sales. Even despite global macroeconomic problems, international investors speak positively about Dubai and actively invest in the local real estate market.
Representatives of the company also report that in 2023 a significant decrease in the number of real estate transactions in which credit funds are used is expected. Experts expect an improvement in consumer sentiment regarding real estate. First, this is due to the large supply of new facilities and the attractive value of real estate, as well as to the increase in the purchasing power of the population in the region due to the increase in oil prices.
Many experts are confident that over the next two years, developers in the UAE will have even more impressive incomes. The popularity of off-plan real estate in Dubai and other emirates will make a significant contribution to this.
