Distress sale of property are properties that are sold in the market with either the same price as what they have bought the property also called No premium property or worst less than the amount which they have bought it.
This happens when their is suffering or critical condition as what distress means. Their are actually properties for resale now here in Dubai that are classified as distress sale. I will explain further what distress sale is in my next post.
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The current situation in the market and government regulations have left investors to their own destiny, we are now trying to get together in an attempt to protect our rights.
checkout: http://www.propertycommunity.com/forum/dubai-property/
for more info, or send email to:
investorslaw13 at hotmail dotcom
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