Aldar may face a funding gap of up to AED6.5bn ($1.76bn) over the next 24 months, a UBS analyst said in a research note.

“Based on our assumptions we believe Aldar may face a liquidity funding gap over the next 24 months. Gap funding may be addressed via further government. support, asset sales or capital markets, hence further leveraging of the balance sheet and/or shares issuance cannot be ruled out,” Saud Masud, head of research and senior analyst of real estate said of the Abu Dhabi-based master developer.