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Deyaar to develop retirement communities
- United Arab Emirates: Wednesday, November 04 - 2009 at 12:44
Markus Giebel, CEO of Deyaar Development, said the company will allocate a third of its holdings to 'problem-solving' housing such as retirement communities to counter waning demand for real estate in the UAE, Bloomberg has reported. Deyaar will offer the units to elderly foreigners attracted to the region's warm climate, Giebel told reporters in Abu Dhabi.
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StaffWednesday, November 04 - 2009 at 12:44 UAE local time (GMT+4)
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