Creative realism needed for property

* username: rupertbu

Dubai’s property woes are not intractable, despite the prevailing opinion.

Some creative thinking and a sense of reality will go a long way to unlocking billions of dollars stuck in the market.

The new contracts being signed by investors in the Park Towers project in Dubailand will see them become co-owners of the land with the developer, Gulf Investments, and are a small step towards breaking the deadlock.