Developer-investors snap up Dubai’s delayed projects | GulfNews.com:
"Investors seeking better-than-average yields are, once again, starting to line up behind delayed or distressed projects in Dubai.
“It happened in 2010-11 when there were a lot of such projects,” said Balaji Parthasarathy, director at Radiant Star, a recently created investment arm that has to date raised Dh150 million for local projects. “New investors could came into and revive — there are similar opportunities available now.”
“But there are differences in investor preferences between then and now. In 2010-11, the motivating factor was whether a project had attained a 70-80 per cent off-plan before it ran into problems. Location was secondary in their preferences."
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