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Dubai Property Fund to Be created
10 Jul 2010
Dubai Property Fund to Be created

The land department of Dubai government as announced an initiative to create funding for 40 unfinished of Dubai property projects in strategic areas of Dubai.

The Project called “Tayseer” will seek partnership between developers, investors, banks and the government to create a body that would seek to complete these unfinished properties.

The properties that will be eligible must be 60% complete and 60% of the properties are already sold will be in key areas like the Dubai Marina area, JLt, and Business Districts of Dubai, Once a property development has been identified it will receive government re-assurances that the project will have the necessary support and funding to go through to property delivery, offering property investor confidence

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