Westerners cool on Gulf properties
Middle East: Saturday, August 30 - 2008 at 09:31
Western investors have cooled on Gulf property markets, as investors are busy dealing with crises elsewhere, accoridng to a director in Jones Lang LaSalle's Dubai-based International Capital Group, Reuters has cited. The market is seen to be dominated by domestic investors at the moment until global credit conditions ease and British and US property buyers have refocused on other areas they see as cheaper and more competitive.
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Medilyn Manibo, Assistant News EditorSaturday, August 30 - 2008 at 09:31 UAE local time (GMT+4)
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