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Mohamed Ali Alabbar, Chairman of Dubai's Financial Advisory Council and Emaar Properties, believes the fall in property prices in the emirate will average 20 per cent. He said the Dubai Government was handling the real estate situation by studying projects that would be cancelled or postponed or were continuing and would take appropriate action.
In an interview with Al Khaleej daily, he stressed that important decisions had been taken by the authorities to inject liquidity, guarantee deposits and increase Dubai's budget to ensure the completion of all infrastructure projects.
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Mohamed Ali Alabbar, Chairman of Dubai's Financial Advisory Council and Emaar Properties, believes the fall in property prices in the emirate will average 20 per cent. He said the Dubai Government was handling the real estate situation by studying projects that would be cancelled or postponed or were continuing and would take appropriate action.
In an interview with Al Khaleej daily, he stressed that important decisions had been taken by the authorities to inject liquidity, guarantee deposits and increase Dubai's budget to ensure the completion of all infrastructure projects.
Dubai Properties
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