Key View:

• Slumping real estate prices will likely continue to weigh on business confidence, investment and overall economic activity in Dubai in the near term.  
• That said, we at Fitch Solutions do not expect real estate market weakness to affect the emirate’s wider economic and financial stability. Beyond 2020 we also expect supply growth to

Key View:

• The sharp fall in Dubai house prices over recent months will not derail the UAE’s construction growth trajectory, which we forecast at 6.4% y-o-y in 2019.
• Commercial and residential building projects will continue to drive growth in preparation for Dubai hosting the World Expo in 2020, with investors expecting a rebound in property

Key View:

• The addition of 250MW of photovoltaic (PV) solar power at a price point of USD24/MWh to the 700MW concentrating solar power (CSP) fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park will cement the UAE's status as a globally outperforming low-cost destination for solar power. 
• Dubai's decision to expand the facility mirrors

Key View: We hold a positive consumer outlook for the UAE as strong economic growth and even stronger private consumption levels over the medium term anchor this view. This is further supported by stronger economic activity, high oil prices and heightened consumer confidence all pointing towards a favourable period for Emirati consumers.. While we

Key View:

• Grocery spending offers a new area of expansion for e-commerce majors, as consumers' demand for convenience prompts the expansion into other consumer sectors and delivery services.
• The latest e-commerce major to expand into the grocery sector is UAE-based noon.com which is looking for a partner to facilitate this move.

Forecasts:

Dubai will be at the forefront of developing distributed solar capacity globally as the Emirate tries to curb wasteful electricity consumption by unlocking smart distributed management of consumption and generation.

We expect distributed solar capacity growth to become an increasingly important component of solar capacity growth in the United Arab