Monday 16 March 2009

A Fannie Mae for the UAE?

Should the country create its own Fannie Mae to improve liquidity and get home buyers back into the market?

This question has been generating a lot of buzz in the past few weeks, as property executives and mortgage professionals struggle with the impact of the global financial crisis on the UAE.

“Something needs to be done,” says Nicholas Maclean, the regional director of the property consultancy CB Richard Ellis.

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