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Home owners were snapping up lower prices available on these compared with ready units DUBAI: A surge in off-plan sales in the second half of the year made sure Dubai’s property market did not see a steep decline in transaction volumes in 2016 compared with the 2015 tally. Based on Reidin-GCP data, overall freehold transactions…
Dubai saw property deals worth Dh259 billion in 2016, latest data shared by the Dubai Land Department (DLD) shows. Even as this marks a modest decline of 2.99 per cent over the Dh267 billion worth of transactions conducted in the emirate in 2015, it is still more than the GDP of 122 countries (including some…
The Dubai-based developer Nakheel said on Sunday it is inviting contractors to submit bids to build the new Dh5 billion Deira Islands Boulevard. The company will issue a tender for the construction of 16 residential towers containing 2,924 town houses and apartments spread over four clusters, it said. Each cluster will contain its own swimming…
Detailed designs for the Expo 2020 site are being finalised as the project moves ahead to what is expected to be a busy construction phase, according to a senior official. Najeeb Al Ali, the executive director of Dubai’s Expo 2020 Bureau, said that more than 4.7 million cubic metres of sand had already been shifted…
Owning a home is a keystone of wealth… both financial affluence and emotional security.