March 18, 2009
Deyaar developments in Dubai has admitted to a default rate of 60% on works-in-progress, and has agreed to reduce prices in an effort to bring defaults down to a manageable level. “Around 60 per cent of our customers came back to us saying they were unable to pay up on their property.” said Markus Giebel, CEO Deyaar.
More on Deyaar Development in Dubai Suffering 60 Percent Default Rate
