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Dh29bn in hand reflects confidence in the market, says Ghalita...

Some developers in Dubai are giving 100 per cent construction guarantee, which is the "ultimate guarantee" that any developer can give, Real Estate Regulatory Agency Chief Executive Officer. 

“There are developers who have given 100 per cent construction guarantee and this is the ultimate guarantee,” said Marwan bin Ghalita without giving names of the developers.

He revealed that Dh29 billion are being held escrow accounts which reflects confidence of developers and investors’ in the market. (Source: Emirates 24|7)

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