A T Kearney report: Consolidation wave has commenced in UAE realty sector

A recently released report by A.T. Kearney, a leading global strategic consulting firm, has concluded the consolidation across the realty segment of UAE and GCC has started.

However, the report also added that it is a time for the real estate companies to learn a lesson from what had happened in similar markets, such as Singapore and Hong-Kong, adversely influenced by real estate cycle bursts in past decades. Very few companies managed to survive amid real estate boom and highly over-supplied environment in these countries.