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A further 163,000 homes in the pipeline for Dubai

A further 163,000 homes in the pipeline for Dubai

These could be delivered over next five years, with 2018 likely to see highest tally Dubai: If all goes as per developers’ plans, Dubai will see a further 163,840 properties being built over the next five years from 387 projects. Next year could account for the highest number of these handovers, at 27,360 units, based…

Emaar’s 9-month profit soars 20% to Dh4.35b on sustained demand

Emaar’s 9-month profit soars 20% to Dh4.35b on sustained demand

Emaar Properties announced on Sunday a 20 per cent jump in nine-month net profit Dh4.347 billion, and said sustained demand for its projects is a strong indicator of the investor trust in Dubai. The master developer said its revenue for the first nine months surged 21 per cent to Dh13.452 billion from Dh11.103 billion during…

What are the advantages of buying off plan?

What are the advantages of buying off plan?

Looking at the pure financial implications of the transaction, you are paying a deposit and further instalments to purchase the property whilst enjoying the inflationary trends on 100% of the capital value. 7 Key Factors When Buying Property Off The Plan The real-estate market of the UAE has taken a new turn in recent years…

Domestic sales gains boost Emaar’s net profit

Domestic sales gains boost Emaar’s net profit

For the first nine months, it contributed Dh4.34b and up 32% Dubai: In an indication of investor interest for off-plan buying in Dubai, Emaar Properties’ core business line of selling freehold properties grew 27 per cent in the first nine months to record Dh6.5 billion in revenues. Overall revenues for the master-developer came in 21…