This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.

Middle East property developers’ dollar bonds have come under pressure this month amid the escalating geopolitical tensions. The joint US–Israel strike on Iran’s Supreme Leader Khamenei has heightened fears of prolonged instability. This has pushed investors toward safe havens like US Treasuries and gold. In retaliation, Iran conducted missile and drone strikes across the gulf, impacting nations like the UAE, Saudi Arabia, Qatar and others. Amid this backdrop, bond prices of property developers across the UAE and Saudi Arabia have seen a signifcant impact. For instance, Sobha Realty’s 2030s fell by 5.7% and Binghatti’s 2030s sold-off by 4.5%. Even investment-grade names like Emaar and Aldar have seen modest declines. Analysts note that while real estate prices have not yet seen a major drop, sustained uncertainty could moderate demand, particularly among foreign buyers and investors.
In this light, we have compiled a list of popular Middle East property developers’ dollar bonds that have been impacted by the conflict. We have taken bonds that mature in the next 3-5 years, sorted by the returns since the tensions emerged.


