A report from BofA Merrill Lynch Global Research, titled, "BofA ML Equity – Real Estate/Property: UAE Real Estate – Dubai: Aftermath of a bubble”, was released. It is dated 17 May 2010, authored by Karthik Sankaran, Abdelrali El Jattari and Stephen Pettyfer of the BofA Merrill Lynch MENA Research team. BofA Merrill Lynch synopsis: Dubai is struggling to transition to an end-user market. Yet, we see a floor for prime and retail assets. We reinstate coverage of Emaar with Neutral, but prefer Aldar.
