After the Dubai real estate crash three years ago there was a very serious proposal that Emaar merge with Dubai Properties but following a six-month study it was recommended for rejection.
Abu Dhabi has now ordered a three-month study of a $15 billion merger between Sorouh and Aldar Properties, its two real estate giants. Of course the devil is in the detail of such a proposal.
However, the conclusion should likely be the same as the proposed Emaar and DP merger. Why?
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