Union Properties opens door to merger
The National - Abu Dhabi, United Arab Emirates
Union Properties, Dubai's third-largest property developer, would welcome a merger if the partner brought a genuine advantage to its overall business operations, the company's chief executive says.
The National - Abu Dhabi, United Arab Emirates
Union Properties, Dubai's third-largest property developer, would welcome a merger if the partner brought a genuine advantage to its overall business operations, the company's chief executive says.
Speculation of consolidation among Dubai's biggest developers has mounted since the downturn hit the property sector, where prices have fallen by an average of 25 per cent since their peaks last September, according to a recent report by Morgan Stanley. ...
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