It is has been widely reported that Deyaar one of the major developers in Dubai, is looking to buy back distressed properties back from the clients a recently established property fund will seek investors looking to buy distressed properties and look to rent out the properties untill the market increases, no word of proposed business plan with regard to the offers that will be made to distressed property owners. Deyaar have renetly delivered Al seef Tower in Jumeirah lake Towers and has seen anumber of investors default on the 30/70 payment plan upon deliver the 70% became due now with the market crash investors have not got the means to pay for their properties. |