When Dubai’s residential property prices shot up sharply last year, it invoked fears of another bubble, but analysts suggest the market is sturdier this time around.
Talks are at a preliminary stage to sound out banks about what Dubal could raise in the loan market, the sources said on condition of anonymity because the information is not public.
The company is also offering to return cash throughout the loan’s lifespan, more assets as collateral, a higher interest rate and an early repayment of a first tranche of money due next year.