Dubai real estate will be stable in 2023 despite global headwinds: analysts
Dubai real estate companies face a stable year amid global inflation woes and interest rate concerns
Dubai’s real estate sector will remain stable in 2023 despite global economic headwinds, according to S&P analysts.
The international credit ratings specialists say growth will support strong cash flow, steady profitability, and improving credit metrics in a new report.
S&P Global Ratings credit analyst Tatjana Lescova said: “Mounting economic pressures globally, including rising interest rates, inflation, and the devaluation of emerging currencies, may cool the demand for residential real estate. This will lead residential real estate prices to stabilise in 2023.
