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Reading: UAE banks thriving, Al Maktoum airport expansion to reshape real estate landscape: S&P
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KSA Newsroom > News > KSA > Real Estate > UAE banks thriving, Al Maktoum airport expansion to reshape real estate landscape: S&P
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UAE banks thriving, Al Maktoum airport expansion to reshape real estate landscape: S&P

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Last updated: 2024/05/01 at 8:01 AM
2 years ago
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Real estate transactions, demand and prices in Dubai witnessed a surge in recent years

S&P Global’s roundtable on credit rating trends in Gulf Cooperation Council (GCC) countries unveiled optimistic prospects for UAE banks in 2024. Analysts predict robust bank performance buoyed by prevailing interest rate levels, despite expectations of rate cuts later in the year.

Regarding S&P’s outlook on the Al Maktoum International Airport‘s expansion, analysts noted its positive impact on the real estate sector in nearby areas. S&P analysts revealed that the airport expansion will have direct…



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