5 February 2012

Deyaar to handover a thousand homes in Dubai

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In reality the only course of action available to a developer in Dubai, assuming they still have the cash flow, is to finish what projects they have, collect either the final stage or mortgage payments, attempt to rent unsold inventory and look for cross-border business opportunities, until the domestic property glut is absorbed.Deyaar Development it would seem plan to do just that in 2012. That way the problem of an oversupply of property gets pushed on to the new owner, leaving the developer to worry about letting those vacant homes still on the books, but in a position to start billing the service and district cooling charges to residents in advance.Dubai Islamic Bank …

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