S&P analysts do not anticipate a property market crash similar to that of 2008<\/p>\n\n\n\n
The UAE\u2019s long-term residency programmes such as 10-year Golden Visa will create stability in the country\u2019s property market amid ongoing regional military conflict, a global ratings agency said on Monday.<\/p>\n\n\n\n
S&P Global Ratings said that these long-term residency schemes create loyalty and stickiness among property owners.<\/p>\n\n\n\n
\u201cWe believe that the UAE government\u2019s visa reforms will create a degree of stability and stickiness for residents and home\/property owners. These reforms include the Golden Visa which grants foreign nationals long-term residency rights \u2013 particularly those linked to investments,\u201d S&P Global Ratings said.<\/p>\n\n\n\n
The UAE on Sunday announced that it facilitated the return of nearly 500 Golden Visa holders, as well as stranded residents, from foreign countries back to the Emirates. This was part of the UAE government\u2019s efforts to bring back citizens and residents stranded abroad due to the US-Israel-Iran war.<\/p>\n\n\n\n
Since the outbreak of the regional military conflict, the UAE has assured investors and residents about their safety and security in the ongoing conflict.<\/p>\n\n\n\n
Following strong sales and price momentum over the past three years, property developers in Dubai and UAE sit on an ample cash collection. As of December 31, 2025, each of the four companies rated by S&P Global Ratings had meaningful escrow cash balances to cover construction costs.<\/p>\n\n\n\n
In addition to escrow cash, the available cash balance for Emaar and Damac provides flexibility in the case of additional financial needs.<\/p>\n\n\n\n
According to S&P, Emaar had $11.7 billion in Escrow cash balance and $7.5 billion available in cash and liquid investments at the end of last year. Damac had $7.7 billion in Escrow cash balance and available cash and liquid investments.<\/p>\n\n\n\n
PNCI also benefits from a healthy free cash balance $0.6 million as of December 31, 2025, but has less financial flexibility than other rated developers due to substantial debt-funded land acquisitions completed in the second half of 2025. Omniyat’s free cash balance was $600 million as of December 31, 2025.<\/p>\n\n\n\n
Both Damac and Omniyat issued $600 million sukuk in February 2026 and March 2026 respectively, while PNC Investments and Omniyat Holdings issued $1.25 billion and $900 million, respectively, in 2025. Debt maturities remain quite manageable in 2026 for the companies without the need to raise new funding.<\/p>\n\n\n\n
\u201cThey also have limited financial flexibility given meaningful land payments in 2026, however they are nearing completion for two of their projects and should have meaningful cash collection and escrow releases in 2026,\u201d S&P said.<\/p>\n\n\n\n
S&P analysts do not anticipate a property market crash similar to that of 2008 as the market is much more mature and regulations have tightened to ensure stability in the market.<\/p>\n\n\n\n
\u201cReal estate regulations are now tighter and designed to protect both investors\u2019 and developers\u2019 interests. For example, regulations and developers require investors to have paid a substantial amount (as much as 30 to 40 per cent) before they can resell an under-construction unit,\u201d analysts said.<\/p>\n\n\n\n
It is estimated that property prices in the emirate crashed up to 50 per cent during the 2008 global financial crisis. But prices bounced back very quickly, thanks to new regulations that brought confidence to the market.<\/p>\n\n\n\n
Since the Israel-Iran war broke out on February 28, Tehran has been targeting the UAE and other Gulf countries\u2019 civil and military infrastructure. The UAE\u2019s armed forces have successfully intercepted almost all the drones and missiles that targeted the Emirates in two weeks.<\/p>\n\n\n\n
\u201cSo far, the government\u2019s crisis management ability has included a strong protective response to the strikes, its maintenance of safety for people, food security, and the normality of goods and services has provided confidence to residents,\u201d it said.<\/p>\n\n\n\n
Source: Khaleej Times<\/strong><\/p>\n\n\n\n Published: 16 March<\/strong> 2026<\/strong><\/p>\n\n\n\n <\/p>","protected":false},"excerpt":{"rendered":" S&P analysts do not anticipate a property market crash similar to that of 2008 Following strong sales and price momentum over the past three years, property developers in Dubai and the UAE sit on ample cash collections, says S&P Global Ratings The UAE\u2019s long-term residency programmes such as 10-year Golden Visa will create stability in […]<\/p>","protected":false},"author":7,"featured_media":39002,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[403,6277,3370,6279,6278],"class_list":["post-38998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-dubai-property-market","tag-long-term-residency-uae","tag-property-investment-uae","tag-uae-golden-visa","tag-uae-real-estate-stability"],"_links":{"self":[{"href":"https:\/\/elite-bricks.com\/ar\/wp-json\/wp\/v2\/posts\/38998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/elite-bricks.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/elite-bricks.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/elite-bricks.com\/ar\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/elite-bricks.com\/ar\/wp-json\/wp\/v2\/comments?post=38998"}],"version-history":[{"count":1,"href":"https:\/\/elite-bricks.com\/ar\/wp-json\/wp\/v2\/posts\/38998\/revisions"}],"predecessor-version":[{"id":39003,"href":"https:\/\/elite-bricks.com\/ar\/wp-json\/wp\/v2\/posts\/38998\/revisions\/39003"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/elite-bricks.com\/ar\/wp-json\/wp\/v2\/media\/39002"}],"wp:attachment":[{"href":"https:\/\/elite-bricks.com\/ar\/wp-json\/wp\/v2\/media?parent=38998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/elite-bricks.com\/ar\/wp-json\/wp\/v2\/categories?post=38998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elite-bricks.com\/ar\/wp-json\/wp\/v2\/tags?post=38998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}