Around one in three Al Fara’a Properties investors are behind with payments, the developer has said.
Natasha Gangaramani, director of Al Fara’a Properties, told Arabian Business: “Anywhere between 25 percent and 30 percent of people are coming in saying ‘I can’t pay right now, can I extend, or do something about it, or consolidate my portfolio’.”
“We are seeing cases of defaults, and sometimes they are customers who come from a very good background,” she added.
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