Dubai plans to revive freehold projects

19 December 2011: The Dubai Land Department (DLD) has introduced two initiatives, Tayseer and Tanmia, to revive and support the real estate market in the emirate, Gulf News has reported. Tayseer aims to support certain projects in Dubai through the arrangement of financing via local banks, while Tanmia -an initiative by Real Estate Investment, and Promotion and Management Centre (REIPMC) under DLD - aims to reduce the number of incomplete projects, reignite stalled projects and improving Dubai's appeal for investment.

Source: Ameinfo