Dubai developers urged to rethink their budgets
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Dubai
DUBAI'S biggest landlord has a message for the city's developers: get ready to rethink your budgets and building plans repeatedly this year or be engulfed by a topsy-turvy market.
Companies need to be "more agile to sustain their businesses and survive the tough period ahead", said Hesham Al Qassim, chief executive officer of the state's Wasl Asset Management and vice-chairman of Dubai's largest lender, Emirates NBD PJSC. "Those who are mindful of the reality around them will manage, but those who stretch themselves with billions worth of projects won't."
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
