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UAE developers prefer bank loans to bonds

Though banks offer greater flexibility, analysts say dependence on loans in times of crises is risky

Mr Alabbar says Emaar will borrow part of the three billion dirham cost of its new project and fund the rest with advance sales and its own capital.


COUNTING cranes is no way to gauge Dubai's bond market.

As builders embark on megaprojects reminiscent of the city's pre-2008 property boom, they're preferring bank loans to bonds to fund the construction. Emaar Properties and Nakheel, Dubai's two biggest developers, say they