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Fire sale could halve property prices, says Parlon

HARRY McGEE The Irish Times 04.08.2009

206 tower Ajman project scaled back to 20

Maktoob Business 21.07.2009
Fire sale could halve property prices, says Parlon

ANY SUBSTANTIAL “fire sale” of residential or commercial property could result in prices falling by 50 per cent or more, the head of the Construction Industry Federation (CIF) has claimed.

206 tower Ajman project scaled back to 20

The UAE property sector slump has forced the developers of the largest residential project in Ajman to reduce its size drastically, UAE daily the National reported on Monday.


 




 
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