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Stimulus, vaccine to fuel UAE real estate resilience [email protected] Filed on March 8, 2021 The real estate sector has shown an unexpected level of resilience in the face of serious challenges created by the pandemic. However, the supply-demand imbalance is likely to worsen over the course of 2021. File photo While the downward trajectory in the real estate market for the short term is unavoidable due to strained economic and market conditions, the medium and long term outlook for the UAE is more encouraging New regulatory measures and several bold initiatives taken by the UAE government, including a series of stimulus packages coupled with the global availability of the vaccine, will significantly fuel the recovery of the real estate market in 2021. The upcoming Expo 2020 would also boost market sentiment, according to property management firm Asteco. ....