| In a move to install investor confidence in the Real Estate industry of Dubai Rera have frozen anumber of developers Escrow accounts untill a time when progress reports can be provided of the construction status, meanwhile activuty has been frantic on property sales on Palm Jumeirah with several Signature villas and numerous smaller properties have been sold,An increase in property investor confidence with many taking advantage of low prices we have even seen some owners increase prices following the interest in their properties, we have several letters of intent for properties that were once available only a few months ago at low prices but now unattainable.
Recently Finacially buyers have returned to the market with more freely available mortgages. |