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Tuesday, 9 May 2017

UAE real estate developers could venture into partnerships with Housing Ministry

A number of real estate investors from the UAE are looking to partner with the Housing Ministry to develop projects across the country and have asked officials to provide them with a number of guarantees before they officially venture into the market, unnamed sources tell Al Borsa. The guarantees include a clear cost- and revenue-sharing agreement, the government’s timeline for planned infrastructure works on the projects, as well as a schedule of completion for the projects.

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