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Real Estate Briefing - Categorized | Developers, Market Moves, Middle East and Africa more

Developers looking at scaling back as Middle East banker warns of finance crisis

Posted on 22 October 2008

From Propertywire.com: Real estate projects in the Middle East are facing a finance crisis according to a leading bank and developers are admitting they are re-examining business plans for 2009.

‘The days of cheap money are gone. Be prepared to pay more. Real estate will suffer and big projects will be re-visited,’ said Dubai Islamic Bank group head Khaled Al Kamda….. Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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