The Business Times
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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

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Published Thu, Oct 30, 2014 · 09:50 PM — Updated Sat, Jan 6, 2024 · 09:12 AM

    Dubai

    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 have no plans to issue new securities even as their backlogs swell.

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