Dubai Builders Worse Off Than Abu Dhabi Peers, Moody’s Says
- Dubai companies to be hardest hit on jobs, travel restrictions
- Coronavirus, oil to erode UAE developers’ credit quality
Residential tower construction in Abu Dhabi.
Photographer: Duncan Chard/Bloomberg
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Abu Dhabi real estate companies will face less severe headwinds from the double whammy of the coronavirus pandemic and lower oil prices than those in neighboring Dubai, Moody’s Investors Service said.