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A bit of give-and-take can speed up UAE s real estate recovery

What will 2021 be like? That is one question since the definition of ‘normal’ for countries, businesses, and individuals received an unexpected change in circumstances with the arrival of COVID-19. Are we to answer that in line with Morgan Stanley’s 2021 Global Economic Outlook, which says: The global economy has proven remarkably resilient even as the pandemic drags on. However, the sentiment on the ground has spelt otherwise. Being in the business of developing real estate for rental purposes, and having entire buildings being vacated within a span of weeks, believe me, reassurance or resilience are not passing emotions in times like these.

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