| 29.12.2008 - UAE property sector set to defy global credit crunch |
| From Business24-7.ae: The UAE property sector is set to defy a global economic downturn and maintain positive growth through 2009 despite an expected drop in demand because of the liquidity crunch, according to local real estate leaders. While growth could be slower next year, the sector will still expand in real terms as most property developers are pushing ahead with their projects, aided by falling commodity prices and lower construction costs. .... Full Article: Source |