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Overheating fears drag Abu Dhabi bourse down

: Monday, June 09 - 2014 @ 18:01

The UAE capital equity index (ADXGI) lost one per cent to close at 4,948.10 points on Monday, June 9. Finance House gained the most, edging up by 4.80 per cent to hit AED3.50. Aldar Properties plummeted by 4.30 per cent to AED4.02. The biggest developer in Abu Dhabi came under pressure like all listed developers in the UAE today, after the UAE central bank revealed in a statement that rental yields in Dubai and Abu Dhabi could indicate growing imbalances and first signs of an overheated real estate market.

Gérard Al-Fil

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Monday, June 9- 2014 @ 18:01 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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