Prime has initiated its coverage on Al Dar Properties - Abu Dhabi. Al Dar is a main real estate developer in the UAE.Prime: The prevailing economic downturn has had a relatively limited impact on Abu Dhabi’s long-term plans. The Emirate’s rich hydrocarbon reserves (7% of aggregate world reserves) and years of prudent fiscal spending have helped Abu Dhabi maintain an enviable liquidity and financial position with sovereign reserves estimated at over USD600 billion. Further, unlike other more mature markets, the Capital’s infrastructure across majority real estate segments such as residential, commercial, retail and hospitality suffer from years of underinvestment since capital resources historically were largely diverted towards the establishment and development of key industrial sectors.
To Download the full report: Prime initiation of coverage - Al Dar Properties
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