Property stocks in Abu Dhabi rallied this week after the emirate’s government approved a swath of construction projects.
The shares of Aldar Properties, Abu Dhabi’s leading developer, rose 6 per cent after the announcement on Monday, while Sorouh Real Estate climbed 6.7 per cent.
The uplift came after the emirate’s executive council approved budgets for several flagship projects that had become shrouded in doubt, including the Louvre and Guggenheim museums.
No comments:
Post a Comment