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Why developers must add green spaces to projects

Research suggests that access to green urban spaces improves physical and mental health. Global studies have indicated that people live happier and healthier lives when they have access to green spaces. When planning a city, it is vital for the well-being of its urban inhabitants to be able to relax and unwind in a tranquil…

Developers take a cautious approach to unit launches

offplan dubai

Developers in Dubai have launched 9,034 units, both apartments, villas and townhouses, year to date in 2018, according to data released by GCP-Reidin. This compares to a total of 46,893 units launched across the whole of 2017. The decline in the number of launches is a result of the demand and supply imbalance caused by…

Tips when investing in rental property

Dubai tenancy investment tips

Buying a rental property can be a lucrative proposition as it offers a steady income almost instantly. However, this could turn into a nightmare without proper due diligence. The first thing one needs to do is to check the validity of the title deed and ensure the seller is the real owner of the property….

Revenue gains take Damac to Dh3.7b in H1-18

Damac

Damac Properties recorded an improvement in revenues in the first six months, at Dh3.7 billion against the Dh3.5 billion in the first half of 2017. But there was a sharp decline in net profit to Dh862 million from first-half last year’s Dh1.6 billion. Gross profit for the first half of 2018 was Dh1.4 billion. The…