'No Defaults' On Dubai Property

Monday, December 01, 2008

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.

Source: AME Info

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