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Co-working industry opens opportunities for landlords

opportunities for landlords

Some 7 million people are expected to be working in co-working spaces by the end of the year. Currently there are 15,000 co-working spaces in the world. In a recent report, Colliers said it expects a minimum of between 320,000 sq ft and 530,000 sq ft of space dedicated to this new subclass of office…

DAMAC Properties announces Dh6.1bn total revenues

DAMAC Properties Dubai today announced its final financial results for the year ended 31st December, 2018. The company reported total revenue of AED6.1 billion, while net profit stood at AED1.15 billion. Booked sales for the same period were reported at AED4.3 billion, total assets stood at AED25.2 billion, while shareholders’ equity amounted to AED14.1 billion,…

Dubai developers push post-handover plans even on ready homes

Dubai push post handover

Anywhere from 3- to 10-year plans are available at some of the most popular communities Dubai: Don’t want to wait around for an off-plan property to be delivered? Options are opening up for buyers going for a ready property in Dubai and with the added comfort of paying it off years after the handover. That’s…

Emaar expected to deliver Elie Saab tower by May 2023

Elie Saab tower

The tower will include 1 to 3-bedroom apartments and four-bedroom penthouses with interiors by the prominent Lebanese fashion designer. Emaar Properties’ estimated completion date for the recently announced Elie Saab tower on Emaar Beachfront is May 2023, according to sales brochures issued by the Dubai-based real estate giant. Arabian Business reported last week that Emaar Properties…