| From Kippreport.com: Ever since the Dubai real estate market crashed in September 2008, property investors have been waiting for news of a recovery. It’s been almost a year of price drops and sagas, all of which compounded the panic investors suffered since the crisis crippled the property market.
Naturally, investors are looking for glimmers of hope; in August, they received a glimmer, albeit a dim one: HSBC published a report recently on the lending market, claiming that mortgage lending in the UAE rose by 25 percent in the second quarter of 2009 compared with the same period in 2008..............Full Article: Source
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