Real estate developers in the UAE are going to have to negotiate creatively with investors during 2010 to avoid a rise in defaults, a local expert has warned.

'Clearly, there will be more investors who have decided not to pay for things that are never going to get delivered and if I was in that boat I would probably default as well,' Craig Plumb, head of research, Middle East and North Africa, at Jones Lang LaSalle told Arabian Business on the sidelines of an event on Monday.

arabianbusiness.com