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Dubai: Developers relax payment plans

Posted on 31 October 2008

From Thenational.ae: In a bid to revive trading activity and curb falling property prices in secondary markets, major developers are offering relaxed payment plans and reduced fees on transactions, sources said.

Following last week’s warning by the Central Bank governor Sultan Nasser al Suweidi of a possible correction in property prices and increasing concerns that developers will struggle to secure financing for existing and future projects, developers including Emaar and Nakheel have relaxed the conditions for new and current owners….. Full Article: Source


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