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Buildings to be constructed around green park, reminiscent of New York’s famous spot Dubai: A new residential development that will feature buildings built around a park, perhaps reminiscent of New York’s famous spot although on a much smaller scale, will soon rise in Dubai. Aptly named “Central Park,” the 230,000-square-metre project by Meraas will be constructed…
UAE, Saudi Arabia account for more than 66% of GCC construction activity Construction activity in the UAE and GCC is projected to remain strong, thanks to a heavy pipeline of 27,000 planned projects worth $2.38 trillion (Dh8.734 trillion) across the Gulf region, according to industry analysts and executives. Data by the BNC Projects Journal disclosed…
Prices have fallen 25 per cent to 33 per cent in nominal terms since 2014, an S&P report said. Dubai residential property prices will fall another 5-10 per cent this year due to a continued gap between supply and demand, before steadying in 2020, S&P Global Ratings said on Tuesday. The Dubai government’s finances rely…
Abu Dhabi developer in final stages of creating structure for joint venture Dubai: Aldar Properties is in the “final stages” of creating a formal structure for its joint venture with Emaar, an alliance that will see Dh30 billion worth of investments being channelled into the UAE’s real estate sector. The design for the two initial…
Owning a home is a keystone of wealth… both financial affluence and emotional security.