30.06.2009 - Wave of property mergers expected
From Khaleejtimes.com: The planned merger between Emaar Properties and three units of Dubai Holding is likely to unleash a wave of consolidations in a property sector beset by excess supply, shriveling demand and an abundance of developers, UAE property analysts say. Mergers and buyouts could help real estate companies streamline their operations and trim payrolls and thus reduce their costs during the downturn, analysts said........Full Article: Source