The Government must urgently add liquidity to limit the drop in property prices and revive the economy, the chairman of Tamweel, the country’s second-argest home finance provider, said yesterday.
The fall in property prices is bringing “huge losses” to investors in the country, Sheikh Khaled bin Zayed said.
“Unless we bring in financing for the real estate sector, I do not think the economy can be revived,” Sheikh Khaled said on the sidelines of a Dubai Economic Council conference.
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