Browse
related articles
UAE real estate recovery two or more years away
- United Arab Emirates: Sunday, November 01 - 2009 at 12:42
Boston Consulting Group Middle East has said that it does not expect prices in the country's real estate sector to recover for another two or three years. Dr Reinhold Leichtfuss, senior partner and managing director of the company said property prices have not yet reached their bottom. "The property market in the UAE, along with other emerging markets, will continue to be quite volatile because it is difficult to predict exactly when or what kind of a turnaround it will be for Dubai for instance," he told the Emirates Bankers' forum. The reluctance of banks to lend is also limiting demand, he added.
Related Content
Article Options
StaffSunday, November 01 - 2009 at 12:42 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
