Dubai's property developers are set to record positive cash flow in 2023 for the fourth consecutive year on the back of healthy pre-sales and favourable payment terms, despite global macroeconomic headwinds, a report has shown.
Real estate developers in the emirate will benefit from residual cash collections of about 20 per cent to 30 per cent of the total on handover, rather than the post-handover payment plans that were more prevalent a few years ago, according to the property market report by S&P Global Ratings.
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https://www.thenationalnews.com/business/property/2023/03/13/dubai-property-developers-cash-flow-positive-in-2023-for-fourth-consecutive-year/