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Wednesday, May 23, 2018

New UAE govt. decrees play in real estate favour

By Bal Krishen in 'Century in News'

New UAE govt. decrees play in real estate favour

These decrees will have positive economic and social effects on the long-run


The real estate sector is the biggest beneficiary from the latest decrees by the UAE cabinet among them granting some foreign competences and investors 10-year residency visas, analysts told Mubasher.

The new decrees also include the lifting of foreign shareholding limit in UAE-based companies to 100%.

These decrees will have positive economic and social effects on the long-run, as it could attract wealthy families, doctors, engineers, and top students to the UAE, CEO of Century Financial Brokers Bal Krishen commented.

Traditional investors in the UAE – Saudi Arabia and India – are expected to increase their investments in 2018 and 2019, as both economies will see a rapid growth in their gross domestic products (GDP), Century Financial Brokers’ chief market analyst Vijay Valecha said.

We can take a short look at the UAE real estate sector by observing Emaar Properties’ stock, which is a true indicator of the giant sector, Valecha added.

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