Published Wed, Mar 25, 2026 · 07:08 AM
BONDS issued by two Dubai property developers have fallen into distressed territory, with investor concern mounting over credit quality and refinancing risks as the war in the Middle East rolls on for a fourth week.
Six US dollar-denominated property bonds in the region are indicated at distressed levels, or trading with a yield spread of over 1,000 basis points above the risk-free rate, according to data compiled by Bloomberg. That represents about 15 per cent of US dollar real estate bonds in the…