| From Business24-7.ae: The cash position of private developers in the UAE is tight and those with a "build to sell" model will likely see a lot of their equity erased if the investment market does not improve significantly in the country, said analysts and executives in the sector.
"Profitability of master developers too is down 70 per cent to 80 per cent year-on-year owing to a lack of land sales and unsold inventory," said Chet Riley, Analyst at Nomura Real Estate..............Full Article: Source
|