UAE: Real Estate Financing Sector to Touch Dh150B
Zawya - UAE
ABU DHABI - The unrealistic growth on the real estate sector due to speculation is a serious challenge that has put real estate financing on higher risks, says a report by the Abu Dhabi Chamber of Commerce and Industry (ADCCI).
Zawya - UAE
ABU DHABI - The unrealistic growth on the real estate sector due to speculation is a serious challenge that has put real estate financing on higher risks, says a report by the Abu Dhabi Chamber of Commerce and Industry (ADCCI).
In a research report, Abu Dhabi's main trade body has said that real estate financing in the emirate is projected to shoot up to Dh150 billion over the next five years, driven by Dh1.3 trillion in construction projects announced so far, record surge in demand for housing units and soaring rents of residential apartments.
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