24.07.2009 - Investors' redtape worries prolong Dubai property woes
From Reuters: Piecemeal moves to tighten real estate regulation in Dubai will do little to help the Gulf emirate's rocky road to mature property market status, with western investors continuing to shun it in the short term. "You're not going to get western expat money deployed locally when there is still confusion over property ownership rights," said Nomura Investment Bank analyst Chet Riley...........Full Article: Source
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