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Global funds could lift UAE realty

Posted on 13 October 2008

From Zawya.com: A massive capital injection by global real estate fund managers could lift Dubai’s real estate market, which many analysts feel is heading for a correction.

“As the prospects of the US and UK housing markets remain gloomy, global real estate fund managers are expected to inject cash into the UAE’s property market, and we expect it to give the boost it needs in the coming months,” Iseeb Rehman, managing director of Sherwoods, told Gulf News on Thursday, the last day of Cityscape Dubai….. Full Article: Source


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