Browse
related articles
Gulf real estate outlook positive
- Wednesday, February 27 - 2008 at 07:12
A new report from Moody's Investors Service has found that despite a number of sector risks, real estate market growth in the Middle East is expected to continue, based on fundamental factors that indicate that demand for new housing, office and retail space is likely to outpace supply in the medium term, reported Gulf News. The report said the Gulf real estate market has a number of characteristics that make it unique compared with more mature markets. On the positive side is the large-scale availability of land, which is made available to many master developers either for free or at very favourable prices, and the significant growth of the markets, fuelled both by speculative investors but also more sound fundamental factors, which have allowed developers to fund large parts of their projects from off-plan pre-sales proceeds. On the other hand, many property companies in the Gulf are heavily exposed, both regionally to a certain country or even city, and operationally to a handful of large projects. Such exposure to a single market acts as the largest constraint on companies' creditworthiness, the report said.
Also consider reading:
Today's top stories
Week's top stories
Digg
Facebook
LinkedIn
Twitter
Browse
related articles
- » Bahrain is best for expats in Middle East and Africa
- » Emirates is to launch flights to Amsterdam from 1st May 2010
- » Fitch downgrades Dubai Holding Commercial Operations Group to 'BB'; remains on Watch Negative
- » Six Dubai GREs downgraded following review of extraordinary government support; still On Watch Neg
- » Dreamliner test flight expected in December
Jeff Florian, Senior ReporterWednesday, February 27 - 2008 at 07:12 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer:
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
It looks like you are using a Mac - check out our 
Web Feeds