| 26.02.2009 - Dubai developers can utilise $2.2 bln escrows |
| From Reuters: Dubai developers have access to up to $2.2 billion from escrow accounts to cover construction commitments, the emirate's property regulator said in a strategy report released on Wednesday. Several Dubai-based contractors have said they are owed hundreds of millions of dirhams by state-linked developers and some may face bankruptcy as credit dries up..... Full Article: Source |