| 22.07.2009 - UAE: Land prices hit developers |
| From Zawya.com: Land banks held by developers have lost as much as 30 per cent of their value from their peak last year, as projects across the Emirates fall victim to the global property downturn. Developers have been slow to write down the losses, meaning that the real value of land on the books of publicly traded developers may be overstated, according to analysts.........Full Article: Source |