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Dubai developers moot lettings model conversion
- United Arab Emirates: Sunday, February 07 - 2010 at 12:07
Mohammed Nimer, CEO of MAG Property Development has said that due to the current market conditions, some developers might want to convert their newer developments into furnished apartments for short, medium or long-term tenancies, Emirates Business has reported. "This will provide immediate revenue generation for them instead of leaving their buildings without tenants. Furnished apartments have a high rental value due to the higher investment value," he said.
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StaffSunday, February 07 - 2010 at 12:07 UAE local time (GMT+4)
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