Saudi Gazette - Dubai real estate bonds to attract strong demand:
"Dubai real estate developers may issue bonds to fund a growing pipeline of new projects — and market movements suggest they would attract strong investor demand.
In the past, most property and construction firms in the emirate relied almost exclusively on bank finance. Although local banks are flush with cash, that strategy may not work as the next building cycle begins.
The partial pull-out of European banks from the region has reduced the number of lenders, while many banks want to diversify their exposure. The UAE Central Bank is drafting rules to limit banks' exposure to state-linked entities, and the state holds large stakes in most of big real estate developers."
'via Blog this'
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