Realty News from UAE

Deyaar to start developing again in 2010

12:03 - 28 Oct '09

Markus Giebel, chief executive of Dubai-based real estate developer Deyaar said the firm will restart developing projects next year and set up co-investment funds for its overseas expansion plans, Gulf Daily News has reported. 'This year was a development holiday. Next year we have to start developing again,' he told the daily. Earlier this week the company announced that it cut 20% of its workforce.


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