Aldar Properties will be on the radar of local investors this week as news on whether the Abu Dhabi developer will secure government funding is likely to dictate the movement of the market.
The capital's largest builder has more than Dh10 billion of debt due to be repaid next year and its property sales have dwindled in the aftermath of the global financial crisis.
Company officials said last month a 'framework' for government aid would be announced by the end of the fourth quarter. An Aldar spokesman said late last week an announcement date had not yet been set."
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