Positive microeconomic, regulatory and population factors continue to drive real estate growth across the UAE, according to a report by real estate and development firm TASWEEK. UAE’s real estate sector will remain attractive in 2015 despite global challenges, says real estate development and marketing firm TASWEEK.
AMEInfo.com reports that positive microeconomic, regulatory and population factors continue to drive real estate growth across the UAE. According to the TASWEEK report, the country's banks remain generally sound and profitable but it warns that the gross loans/deposit ratio is nearing 100%, which indicates a more limited room for growth.
Masood Al Awar, CEO of TASWEEK Real Estate Development and Marketing, says: ”There are many factors pointing to the continued growth of real estate in the UAE in 2015 and beyond, including a surging population, a resilient economy with an overall inflation rate of less than 2%, resurgent market confidence, and stricter regulatory controls on the sector.”