Real estate expert: Time to invest in properties

Published March 16th, 2006 - 08:02 GMT
Al Bawaba
Al Bawaba

"The party for the stock market is over," Hussain Sajwani, chairman of Damac Holding, was quoted as saying by Gulf News regarding the latest stock market crash. "The time for making quick bucks is over now," he added. The Government of Dubai on Tuesday issued a long-waited property law, legalizing foreign ownership of properties in pre-designated areas in the emirate.