Experts feel authorities should step in to lift liquidity

Dubai: The current real estate industry in Dubai could be "jumpstarted" overnight if Dubai government started plunging more money into mortgage-lending facilities, real estate agents and agencies say. While interest in Dubai real estate may still be up, buying and selling activities are definitely slowing, as people are more cautious about parting with their cash. With this in mind, should Dubai government give more money to mortgage-lending institutions to boost buying and selling? "Absolutely. This is a key issue. If financial terms were improved, the market would change overnight," Ryan Mahoney, managing director of Better Homes, told Gulf News. Natasha Gangaramani, director of Al Fara'a Properties told Gulf News, "The market is slow. That's a fact. We have been caught in the global financial crisis. We are stuck in the... [read full story]