With strategic reforms set to impact the real estate sector next year, the outlook for Abu Dhabi looks positive in 2019.
Earlier this month, rating agency S&P Global Ratings assigned Abu Dhabi a stable outlook maintaining that economic growth will steadily recover over the next two-years.
According to S&P: “The exceptional strength of the government’s net asset position provides a buffer to counteract the effect of oil price swings on economic growth, government revenues, the external account.”
The agency also forecasts a rise in GDP; the capital’s GDP growth will reach 1.5% in 2018, due to higher oil production in the second half of the year, to 2% in 2019. The agency predicts that GDP will gradually rise to 3% by 2021.