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ABU DHABI / WAM
The decent gains held by listed UAE property companies during H1 2017 reflect the positive sentiments prevailing in the UAE realty
market and corroborate investors’ growing confidence despite global economic
headwinds, according to a real estate expert.
“The UAE property market is forging ahead towards more maturity at the current stage, with property development companies exhibiting more flexibility to launch projects that meet gro-
wing demands among citizens and residents alike over certain categories of projects,†said Amer Al Omar Salim Al Mansoori, Board Chairman of UAE Contractors Association, who attributed the market stability to the high investment returns
provided by the real estate
industry that amount to
8 percent annually.
“The projects continued to be launched by the UAE government and private property companies effectively contribute to reviving the construction and contracting
sector and incentivise Emirati companies working in this field to double their cont-
ributions to the urban development drive in the country,†he added.