DEBT SPREE
UAE developers tap bond market as real estate boom accelerates
Heavyweight developers Emaar, Aldar and DAMAC, as well as emerging names like Sharjah’s Arada, have been regularly issuing Islamic bonds
FADEL SENNA / AFP/via Getty Images
Dubai skyline
Add The Circuit on GoogleProperty developers in the UAE are raising billions through bonds and private credit to take advantage of the ongoing real estate boom, as banks tighten lending to private developers.
Dollar bond and sukuk issuances have grown more...