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Abu Dhabi sees oversupply challenges and now faces consolidation

Abu Dhabi sees oversupply challenges and now faces consolidation

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
 
Abu Dhabi developer Sorouh swings to Q4 profit

Abu Dhabi developer Sorouh swings to Q4 profit

Abu Dhabi developer Sorouh Properties, the emirate's second largest developer by market value, swung to a profit in the fourth quarter, lifted by a rise in home and land sales.

February 15, 2012 2:01
 
UAE’s Aldar swings to profit on govt land sales

UAE’s Aldar swings to profit on govt land sales

Aldar Properties, bailed out twice by Abu Dhabi with rescue packages totalling over $10 billion, swung back into profit in 2011 on the back of land sales to the government and increased residential sales.

February 14, 2012 2:41
 

Emaar lifts Dubai to two-week high

Investors' confidence begins to return as fears over global economy recede and oil prices rise.

June 21, 2010 3:53