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Sweet Homes Maintains Current Prices

AJMAN - Sweet Homes Holding, a real estate developer, is maintaining the prices of its property units despite the current slowdown of the global economy, its CEO Fahad Sattar Dero said.

Currently selling at Dh600 per square feet for apartments in Ajman Uptown, the company is taking all necessary measures to ensure delivery of its projects on time to leverage the projected recovery of the market and the UAE economy as a whole.

“Maintaining the current prices of our property offerings is a strategy we deemed appropriate amidst current market developments, which indicate that recovery from the current crisis is at hand,” said Fahad.

“We are aware that the market slump has made investors more demanding than ever before, and this drives us to intensify our efforts to ensure that our clients will gain significant returns on their investments, as evident in our recent agreement with Dubai Islamic Bank for the escrow accounts of both our projects.”

The developer also revealed that it is seeing unprecedented progress in ‘Rainbow Towers’, which is on track for completion by 2010.

· aneela@khaleejtimes.com