The real estate slowdown has forced Tameer to re-evaluate some of its projects. Ghassan Sakhnini, President and CEO of Tameer, said investors will be notified of any changes to their agreements and contracts once decisions have been made.

Projects in Dubai and Jordan are more than 90% sold out, but in Abu Dhabi the figure is around 50%, reports Emirates Business 24/7. Prestige Heights was put on hold because it did not go past the pre-launch phase and so has not been officially launched, he said.