There are reports that Dubai's real estate sector is facing tough times.
Real estate sector is going through difficult times
Dubai's real estate sector is not having the best of times right now.
The proof is in the financial records which show a decline for most companies.
Sameer Lakhani, Managing Director of Global Capital Partners, said:
“A few developers manage to “smooth” out their earnings by diversifying their revenue streams into annuity based areas such as lease portfolios. This is exactly what Emaar has done. With a large land bank, the company has managed to stagger their launch schedule and have an execution record that has resulted in high levels of investor confidence. More importantly, the company derives 45 per cent of its revenues from hospitality and leasing, which is more “annuity” based cashflows rather than deal-based closures.”
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