UAE homebuilders to prioritize cash conservation amid regional conflict: Fitch

RIYADH: UAE homebuilders are expected to pivot toward preserving liquidity in the wake of the recent geopolitical shock in the Middle East, according to Fitch Ratings. The credit ratings agency noted that while the immediate impact on the sector has seen a drop in on-site viewings, a substantial backlog of pre-sales and funds held in escrow should provide a cushion for rated companies in the near term. The escalation of regional hostilities is presenting the first significant challenge to the UAE’s property boom. Since Feb.

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