Dubai developers offering 'clever incentives' to woo buyers

This is because under the current loan-to-value requirements in the UAE, the majority of buyers find it difficult to raise bank finance, and establish a foot on the ladder, due to hefty deposits and fees required, it added.


Gulf indices fall on thin trading ahead of Ramadan

Elsewhere in the Gulf, trading volumes were much-thinner, as it had been witnessed on Saudi stock exchange, while Abu Dhabi index fell by 0.3 percent and the Dubai was down by 0.2 percent at the day’s market closure.