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Falling sales stall development.

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  • معلومة اضافية
    • الموضوع:
      ABU Dhabi (United Arab Emirates); UNITED Arab Emirates
    • الموضوع:
      ALDAR Properties PJSC ; SOROUH Real Estate PJSC
    • نبذة مختصرة :
      The article reports that as revenues from land sales sliding downwards, the fear of a real estate downturn is gripping Abu Dhabi in the United Arab Emirates. A glance at Aldar Properties PJSC's financial results offers a clue to the lack of construction activity on some schemes. Between January and July this year, the company, Abu Dhabi's largest real estate developer, failed to sell any land. Sorouh Real Estate PJSC, which is developing projects, also reported lacklustre results.