Global Arab Network | UAE - Restructuring in the Real Estate Sector Clear Sign of Key Lessons Learned

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UAE - Restructuring in the Real Estate Sector Clear Sign of Key Lessons Learned

Global Arab Network - - George Haddad

Thursday, 27 August 2009 12:10

A.T. Kearney, a leading global strategic consulting firm, in a recent study concluded that the awaited consolidation wave in the real estate industry in the UAE and GCC has started.

Developers demonstrate that they are mindful of lessons learnt from past real estate cycles in other markets, where companies that survived have built strong differentiated capabilities and diversified across the value chain to stabilize sources of revenues.

In similar markets such as Singapore and Hong-Kong, which were hit strongly by real estate cycle bursts in past decades, only two to three major developers survived and reinforced themselves.

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