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Current realities in property market force UAE real estate firms to realign business model

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Current realities in property market force UAE real estate firms to realign business model - realities - property market - force - UAE - real estate - firms - realign


UAE's leading property consultants strengthens its bouquet of offering to look into the high jump in re-sale transactions within the UAE real estate sector. Firm indicated that re-sales accounted for an estimated 95 per cent of property transactions in the first quarter of 2009, a complete turnaround from just around 30 per cent in the previous year.



Managing Director of the UAE property consultant firm: "Although actual figures are not available, based on our experience I would say that in the first quarter of 2009, only around five per cent of property investments have gone into new projects, while 95 per cent has been channelled to the re-sale market." 


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