Developers cannot afford mergers - The National Newspaper

A financing squeeze is expected to hinder plans for further consolidation in Dubai’s property industry, experts say.

There was widespread speculation at the start of the market downturn that the number of mergers would greatly increase to create more resilient entities.

But while there has been consolidation between companies owned by the one parent, such as Dubai World’s Nakheel and Limitless, few mergers of independent developers have occurred.