Dubai Property developer Deyaar who planned to establish a property fund to buy properties from their own property portfolio as been delayed the launch due to international investors drawing funds previously committed.

Deyaar one of Dubai’s top property developers with residential projects in Jumeirah lake towers and commercial projects in Business bay, announced in 2009 the creation of a property fund primarily to buy their own built properties back from troubled investors and then to rent properties for a period of time prior to selling the properties when the market was favorable to do so.

The concept was established following delivery of their Al Seef towers back in the summer of 2009, with a sizeable payment due on handover of the apartments many property investors experienced problems, the fund would allow Deyaar to buy back from the investor.

The decision on when to re-launch is not known.