Emaar seeks to cut borrowing costs in half backed by flagship Dubai Mall - The National

Emaar seeks to cut borrowing costs in half backed by flagship Dubai Mall - The National:

"Emaar Properties is working to convince lending banks to halve its borrowing costs on Dh3.6 billion of loans backed by its flagship Dubai Mall.

It is among several of Dubai’s government-related entities that are requesting banks to lower the levels of interest paid on some Dh18bn of loans, as a rebounding economy and falling risk perceptions helps the emirate’s corporate sector to tap cheaper capital.


Dubai Duty Free and Nakheel are other companies that have sought to lower the rate they pay on syndicated loans before an expected rise in US interest rates in the medium term lifts overall borrowing costs, a result of the dirham being pegged to the dollar."

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