Mubadala Development has inked a deal with Pramerica Real Estate Investors to create a joint a venture that will invest in middle-income housing in Abu Dhabi, as well as to make wider investments around the world. The move is significant because it provides a welcome addition of financing for the ailing property sector, where developers are struggling to find financing and potential home buyers are reticent to sign on the dotted line.
Low down on affordable housing in Abu Dhabi
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