| 22.10.2008 - Developers looking at scaling back as Middle East banker warns of finance crisis |
| From Propertywire.com: Real estate projects in the Middle East are facing a finance crisis according to a leading bank and developers are admitting they are re-examining business plans for 2009. 'The days of cheap money are gone. Be prepared to pay more. Real estate will suffer and big projects will be re-visited,' said Dubai Islamic Bank group head Khaled Al Kamda..... Full Article: Source |