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No saving grace for UAE property sector just yet

No saving grace for UAE property sector just yet

Despite builders possible taking provisions for discounted Nakheel sukuk and Sorouh’s possible good earnings, concerns on Abu Dhabi Aldar's funding woes may continue to keep overall property earnings down.

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October 23, 2011 4:37 by



…to about 130 million dirhams in comparison to 59.3 million dirhams in the same period last year.

The developer secured housing projects worth about 5.4 billion dirhams ($1.5 billion) over the last two years from the Abu Dhabi government. (Reporting by Praveen Menon, Editing by Mike Nesbit



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