DUBAI - Expo 2020 is unlikely to improve the dire conditions of Dubai’s real estate market, S&P Global Ratings said, where residential property prices have fallen by over a quarter since 2014.
But while this may give a boost to tourism and improve conditions for the retail sector, the emirate’s real estate market – crucial to Dubai’s economy – is unlikely to be impacted. Arif Al Muhairi, executive director at Dubai Statistics Center, said that the flexibility of Dubai’s economy and its business structure helped it maintain economic growth, despite a slowdown of the regional and global economy.
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the cranes look confused.
What goes up must...