Moody's Investors Service
has a new report out today that discusses the property market in the wake of a potential merger between
Emaar Properties
and the property companies of
Dubai Holding
. Check it out here:
Martin Kohlhase
, the analyst who wrote the report, basically concludes that the new company would create "a new giant in Dubai's market, with unrivalled access to a sizeable land bank". Last year, officials in Dubai said the government already controlled 70 per cent of supply. Now all that power will be condensed under Emaar and
Nakheel
.
Mr Kohlhase believes the opening of the
Burj Dubai
and
Dubai Metro
will have positive impacts on the market, including the boost in value of properties near metro stops. The Burj Dubai will lead to the vitalisation of the whole area around the tower.
UPDATE
:
is Nathalie Gillet's online story about the report.
