Developer says 30% of investors are struggling to pay

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.