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Dubai’s ready home sales play catch up Off-plan transactions in Dubai are down 30 per cent year to date compared to the corresponding period last year, according to figures released by consultancy firm GCP-Reidin. April saw 1,446 off-plan transactions, which was a significant improvement over the 1,302 deals in March 2018. These transactions were driven…
Nakheel records Dh1.55b in first quarter net profits Nakheel has reported net profits of Dh1.55 billion for the first three months of 2018, which is a 5 per cent gain over its first quarter 2017 returns. During this period, it handed over around 200 land and built units, and also sold the last of the…
Damac targets to operate 15,000 hotel rooms by 2021 Damac Hotels & Resorts, the hospitality arm of Damac, is looking to boost its current portfolio of around 1,700 hotel units over the next 3 years, with the aim of delivering 15,000 units by 2021. Speaking at the Arabian Travel Market, Damac chairman Hussain Sajwani said:…
Dubai communities with the happiest residents. People in communities with lots of green spaces and amenities seem to be the happiest residents in Dubai, while those in places that are constantly plagued by traffic and far from schools are the least happy. A new survey that asked respondents to rate their neighbourhood found that Emirates…
Owning a home is a keystone of wealth… both financial affluence and emotional security.