According to Arab Net, the agency added that Emaar Real Estate Company was growing by growth thanks to its leading market location, as evidenced by real estate sales in the UAE to 10.5 billion dirhams in the first five months of 2021, compared to AED 6.3 billion in 2020 in 2020 The entire.
Standard & Poor's expects a recovery in the company's profits and credit standards in 2021, where profits are likely to exceed accounts, taxes, consumption and fire (EBITDA) 8 billion dirhams and improved funds from FFO to debt to about 30%. Therefore, S & B has adjusted its forecast for reconstruction of real estate to become a stable of negative and confirmed the long-term credit rating of BB +.
The stable future outlook for Standard & Poor's expect the instant size of reconstruction of real estate to nearly 30% at the end of 2021 and will continue to rise in the following years.
