Real Estate News Alert: Emaar's Cash Limits Catastrophic Lose

Friday, December 5, 2008

Emaar's Cash Limits Catastrophic Lose

Cash pile supports troubled developer
Zawya - United Arab Emirates

Before the Gulf's great stock market boom collapsed in 2005, briefly became the world's largest property developer by market capitalisation.

But the company's share price has collapsed by 84 per cent since the beginning of 2008. ...

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