Consolidation Will Shape Dubai Market, Says Moody'sWednesday, July 29, 2009
The recently proposed consolidation of Emaar Properties and the real estate activities of Dubai Holding Commercial Operations Group (DHCOG) would create a dominant entity in Dubai's property market that would control the market as well as benefit from economies of scale and stronger bargaining power vis-à-vis contractors, Moody's Investors Service has said. Furthermore, the opening of Dubai's Metro, the inauguration of Burj Dubai and the end of the school year/beginning of the summer period will shape Dubai's residential property market in the near term and lead to greater differentiation within Dubai's residential areas, from which the two firms may benefit, Moody's added. Source: AME Info
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