Tuesday, 9 November 2010

A quick fix won't do for Dubai property recovery: survey | My Sinchew

A holistic and coordinated approach is needed to enhance the opportunity for Dubai's real estate market recovery, according to a report.

"A quick fix is not likely to succeed and a targeted group of stimuli is required while a coordinated medium to long-term plan should be implemented across the market," leading United Arab Emirates' law firm, Hadef & Partners said in its report on the legal state of the real estate market in this Gulf emirate.

These were some of the key themes emerging from a survey conducted by the firm which had identified actions that could be considered to address key issues with the aim of assisting the market's recovery.

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