23.06.2009 - UAE property 'on the mend' by year end, says Morgan Stanley
From Bi-me.com: International investors will begin buying distressed UAE property-backed assets by the end of 2009, Morgan Stanley’s regional chief said. “Once you see distressed funds coming to the market and picking up whole portfolios from developers and banks then you know we are on the mend,” Georges Makhoul, head of the US bank’s Middle Eastern and North African operations, said.........Full Article: Source
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