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Thursday, 15 June 2017

Qatari investors rush to sell Dubai properties as deadline for them to leave looms | The National

Qatari investors rush to sell Dubai properties as deadline for them to leave looms | The National:

"Property brokers in Dubai are reporting a rush in sales from Qatari investors attempting to get their assets out of the UAE before the Monday deadline to leave the country. Brokers say that Qataris in the UAE are selling property portfolios worth millions of dirhams at steep discounts as they rush to liquidate their assets and leave. "It is an extremely difficult time for many of our Qatari clients," said Mario Volpi, the chief sales officer at Kensington Exclusive Properties. "We had one guy who managed to sell everything – some town houses in JVC, a plot of land in Dubailand, some commercial units in the Marina and a full building."



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