Abu Dhabi's Sorouh Real Estate, which is eyeing a state-backed merger with rival Aldar Properties, posted a 30 percent rise in quarterly net profit riding on revenue from government projects and higher rental income.
April 29, 2012 9:00
Abu Dhabi eyeing merger of developers Aldar, Sorouh; Advisory mandate for merger seen imminent – banker; Bankers trying to build inroads with cash-rich Abu Dhabi
April 3, 2012 5:05
With Abu Dhabi trying a new property bailout tack with the potential Aldar-Sorouh merger, will consolidation be enough to fix the capital’s ailing property market?
March 12, 2012 3:10
Abu Dhabi now faces challenges as a huge supply of high-end homes are expected to enter the market. Property prices in the emirate are expected to fall another 11 percent from here, a Reuters poll showed.
March 12, 2012 1:40