Emaar’s chairman expects Dubai property market to rebalance next year
Emaar’s Chairman Mohamed Alabbar said that he expects the real estate market to rebalance between demand and supply in 2017. Emaar is targeting expansion in India and said that Egypt remains a good market for Emaar. Alabbar said that the company is tightening its belt next year. He added that it is good to be realistic and get ready for a challenging year while pushing hard. (Bloomberg) Emaar (DU): AED7.22 as of 7 December 2016, Rating: Buy, TP: AED10.29 per share, MCap: USD14,085 mn, EMAAR UH / EMAR.DU
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