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UAE: Positive signs for property market

Posted on 11 June 2009

From Gulfnews.com: It is too early to say that reports from financial institutions of a strengthening of property prices in parts of the UAE mark an end to the volatility that has rocked the market in recent months. However, they are a clear indication that consumer and investor confidence - factors which drive the property market - are picking up.

The reports also make it known that corporations and governments in the UAE have been able to raise money on the local and international bond markets. This means financial institutions are starting to lend money again, which will allow companies and governments to invest in development projects……..Full Article: Source


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