The current market conditions in Dubai are conducive to sustained investment, with real estate prices almost 25 per cent below the 2008 peak, according to a recent report in the Financial Times.
Yields of 7 per cent gross are now
Dubai-based Ilyas & Mustafa Galadari Real Estate has awarded a contract to the McFadden International Construction Group, to lead the ongoing development and construction of the modern luxury living concept launched in March.
Bahrain’s real estate sector is on the verge of moderate growth, and is expected to grow at 3.5 per cent, said a top official.
"Real estate investment is considered to be the main driver behind economic growth," th
Dubai Real Estate Investment Company (DIRC) has initiated the delivery of 2,024 luxury residential units within Ritaj, a high-end project at Dubai Investments Park.
Ritaj consists of 1,343 spacious studio apartments, 447 bedroom apartments
Dubai-based developer Nakheel has sold 30 units of its new luxury residential project on the Palm Jumeirah at a combined value of nearly Dh223 million, a report said.
Construction of the Palma Residences, Nakheel’s first major residential