New UAE govt decrees play in real estate favour

Dubai – Mubasher: 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 Rathore 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.

Translated by: Muhammad Khalid