Abu Dhabi – Mubasher: MubasherTrade Research set the Price Target (PT) of the Abu Dhabi-listed RAK Properties at AED 1.09 per share.

MubasherTrade gave RAK Properties a Buy/Moderate Risk recommendations, expecting a total return on the company’s shares of 60%, according to a report released earlier.

The real estate sector will be affected by many factors, including the growth of the US dollar and the Fed interest rate, which will raise the prices of properties in the UAE and reduce the demand, MubasherTrade added.

“Moreover, the application of the value-added tax (VAT) by 2018 might constrain demand amid expected price increases,” the research company’s data showed.

MubasherTrade also highlighted some external factors that may have weighed on the demand in the UAE’s mortgage market like geopolitical risks, Qatari crisis and Brexit.