sources Go Wealthy
Dubai-based property developer Schon Properties said a correction in real estate prices was impertinent. Schon Properties official said they were unperturbed by current fiscal gloom enveloping the real estate sector.
Tahir Schön, chairman of Schon Properties said: "I have complete confidence in the prospects for sensible long-term real estate investment in Dubai. I am not worried."
He said construction on the 750 million dirham Schön Business Park project was on schedule for completion in the first quarter of 2010 and claimed 90 per cent of the business park space was sold out.
Wednesday, January 28, 2009
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