The opinions of analysts varied, whether local or international, including the pessimist, and among them the optimist, the first team sees that the economy will witness a significant decline in growth, and this decline includes various sectors, including certainly the real estate sector, while optimists believe that the next is better, and global conditions will witness breakthroughs. On many issues, undoubtedly accompanied by economic improvements, they are not necessarily large, but they are stable, or at the very least the world will not witness a new financial crisis similar to the previous one.
And away from the expectations of the future, the future we live today, and it begins today and not tomorrow, as His Highness Sheikh Mohammed bin Rashid Al Maktoum says, and also away from the opinion of the pessimists and optimists, the UAE in general, and Dubai in particular, loves optimism, as it used to challenges, and often It faces them and creates opportunities for them to develop, improve, and grow, so we must diagnose our situation and know where our mistakes lie to avoid them, and where our strength lies to strengthen them and confront the future with ambitions, decisions and persistence today.
In the real estate sector, there is only one problem that can be observed in Dubai, and it cannot be denied, is the increase in the supply of housing units offered by the various real estate companies, whether they are semi-governmental or private, all of these companies - without exception - contributed in a way or With another in the presence of a surplus in real estate projects and for various reasons, there is no time now to mention them, and it must now face this problem with flexible and clear plans and strategies in order to overcome that..The error is not a defect, but admitting the error is the first step in the solution, and not continuing with the error is the right thing, nor Now we have a shame to catch our breath, face our mistakes, and prepare To bypass them to reach a better future.
Optimism is always our motto, the success balances we have are much greater than the balance of failure, and the international indicators related to the UAE economy are all positive, stimulating and encouraging, and international reports still confirm that the UAE remains the main destination in the region for foreign investment flows, especially with good legislation and close monitoring of Before the authorities of the various economic sectors.
The growth prospects in the UAE are good, in light of the presence of global economic difficulties, the report of the International Finance Institute expects the real GDP of the country to grow by 2.1% during the current year 2019, and a growth of 1.9% during the next 2020, and this is a good thing amid fluctuations, challenges and economic declines International.
Few incentives .. A few bold decisions .. A few legislations .. This is all we need to maintain our good economic situation and to overcome the challenges of the real estate sector, and we have no objection to taking what we see as appropriate without paying attention to any other considerations, for the interest of the country does not Only the people of the country know it, and the haters will remain hatred and hatred for and without reason, so let them go with their hatred to hell, and let us continue our ship to safety!
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