(Source: Property Wire)
The merger between leading property developers in Dubai will create a giant entity that will dominate the real estate market, it is claimed.
Opinion is divided as to whether the merger of Emaar Properties and three companies in the Dubai Holding Commercial Operations Group will have a positive or negative impact in the short term.
A special report from Moody’s Investors Service says that it will 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 a vis contractors.
Read the full article “Dubai property company merger will dominate real estate sector” in Property Wire (July 29, 2009).