Abu Dhabi Merger Creates Developer With $13 Billion in Assets

Abu Dhabi Merger Creates Developer With $13 Billion in Assets

Duncan Chard/Bloomberg

High-rise buildings, developed by Sorouh Real Estate, stand in Abu Dhabi on March 8, 2011. The merger of Aldar and Sorouh comes as Abu Dhabi’s government tries to revive a real estate market where values have fallen by more than 50 percent since the global credit crisis.