'No defaults' on Dubai property
United Arab Emirates: Monday, December 01 - 2008 at 11:40
Dubai's Real Estate Regulatory Authority has said that there have so far been no defaults on payments for high-end properties. 'Every project on the ground and under construction would be completed. Master developers are intact and the high-end third party developers may find alternatives to carry on with their projects through bulk selling of units to private equity funds and hedge funds,' Rera's CEO told Emirates Business.
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StaffMonday, December 01 - 2008 at 11:40 UAE local time (GMT+4)
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