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UAE distressed commercial properties increase in Q2
- United Arab Emirates: Monday, August 24 - 2009 at 15:49
Distressed commercial properties in the UAE rose between April and June this year, revealed a new study. A global survey of agents on the emergence of distressed properties in the commercial property marketplace revealed that the number of countries experiencing an increase in distressed sales of commercial property rose in the second quarter this year, and the trend seems to continue into 2010. Of the 27 countries surveyed by the UK's Royal Institution of Chartered Surveyors (RICS), more than 75% of respondents reported a rise in the number of commercial properties that are coming to market under distressed conditions in the second quarter of 2009 compared to three months earlier. (Mac Capital Advisors)
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StaffMonday, August 24 - 2009 at 15:49 UAE local time (GMT+4)
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