28.11.2008 - Dubai developers try to loosen buyers' wallets
From Southasianpost.com: With banks curbing loans because of the global financial crisis and real estate agents finding it difficult to sell properties, developers in Dubai are wooing potential home buyers with lucrative payment options. A recent survey found that more than 50 per cent of real estate agents in Dubai did not close a single deal last month. As a response, large companies including Emaar, Union Properties (UP) and ETA Star are offering innovative payment schemes to potential buyers ranging from rent-to-own to long-term payment plans..... Full Article: Source
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