— Reuters
DUBAI: Property developers in the United Arab Emirates (UAE) are raising billions through a growing arsenal of funding tools – from Islamic bonds to private credit – as they ride one of the Gulf country’s longest real estate booms in years.
Data compiled by Bloomberg showed US dollar bond and sukuk issuance alone has grown more than 12-fold to US$6bil since 2021, underscoring how widely developers have accessed the market in a short time.
