Dubai Real Estate’s Key Test
The Burj Khalifa skyscraper, left, stands above commercial and residential properties on the city skyline in Dubai. Photographer: Christopher Pike/Bloomberg
Dubai’s property sector is set to be in the spotlight again with the expected IPO of a key business park operator.
Dubai Holding’s Tecom Group, home to 7,500 companies, may announce its intention to float this week. Bankers describe the IPO as a key test of whether Dubai has truly drawn a line under its devastating 2009 crash.