Dubai's Emaar Properties Faces Market Oversupply Risks - Moody's » Gulf Business

Dubai's Emaar Properties Faces Market Oversupply Risks - Moody's » Gulf Business:



"Dubai’s Emaar Properties faces a risk of oversupply in the emirate’s real estate market, ratings agency Moody’s said in a report on Tuesday, as the developer launches new projects and embarks on expansion of its existing assets.



Dubai is still recovering from its 2009 debt crisis but property firms have launched a slew of new housing, retail and hospitality projects – stoking fears of another boom-bust cycle in the emirate’s real estate market.



Most recently, Dubai’s ruler Sheikh Mohammed bin Rashid al-Maktoum announced plans on Saturday to build an entertainment and hotel district that will include the world’s largest shopping mall and over 100 hotels."



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