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Slump ‘not to hit global realty capital flow’

Posted on 07 October 2008

From Gulfnews.com: Real estate capital will continue to flow despite the current global financial storm, a conference on global capital markets was told at Cityscape Dubai on Monday.

Steve Williams of UK-based Real Capital said real estate capital was a key driving force in global markets. The UAE is the third largest investor in the world behind the US and Europe. Fadi Moussalli, the regional director of Jones Lang LaSalle (Middle East and North Africa), said real estate was deemed a safe haven, especially for sovereign wealth funds, of which there was an abundance in the region….. Full Article: Source


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