Emaar makes real estate losses

Emaar makes real estate losses

September 7th, 2008 admin Posted in Business, Dubai Real Estate, Dubai Real Estate News No Comments »

Shares in Emaar Properties dipped to a near 3-1/2-year low, leading to losses among Dubai’s real estate firms as investors sold on fears over the sector’s health during the coming months.

"There are worries that there will be a surplus in units and apartments on offer in Dubai within the next six months," says Samer Al-Jaouni, general manager of the Middle East Financial Brokerage Co.
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