Dubai’s property developers are expected to have positive cash flow in 2023 for the fourth consecutive year due to healthy pre-sales and favourable payment terms, according to a report by S&P Global Ratings. The report also expects continued deleveraging, improving rating headroom, ample liquidity, and limited funding needs for Dubai-based real estate companies in 2023. Dubai’s economy rebounded on higher oil prices and government policies, including changes to visa rules to attract more investment. The outlook for rated Dubai-based real estate companies is “stable,” reflecting the expectation that growth will support strong cash flow, steady profitability, and improving credit metrics. The real estate market in Dubai remains resilient despite global macroeconomic pressures, including rising interest rates and inflation.

 Read Full Article: https://www.thenationalnews.com/business/property/2023/03/13/dubai-property-developers-cash-flow-positive-in-2023-for-fourth-consecutive-year/