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It shows frustration and fear on the developer’s part, says Sobha Realty chairman Big names in Dubai real estate are coming out to warn against the practice of aggressive off-plan incentives being offered by smaller private developers. The latest to issue such a warning is P.N.C. Menon, founder and chairman of Sobha Realty. “Aggressive incentives…
Digitisation of construction: a new business model Managing the effects of technology will be key in the industry’s digital transformation A full-scale digitisation of the construction industry could save up to a whopping $1.7 trillion (Dh6.24 trillion) in construction, engineering and design costs globally within the next decade, according to a recent report by the…
One of America’s founding fathers, Benjamin Franklin, once said, “If you fail to plan, you are planning to fail”. Franklin understood the exercise of planning is as important as execution, for it is within the planning stages that we discover the flaws in our ideas. This is why governments at all levels develop long-term plans…
As new stock continues to enter the market in the lead-up to the World Expo 2020, developers and agents remain optimistic of the long-term prospects and how the emirate’s development pipeline will ultimately underpin the real estate requirements of Dubai, particularly after the Expo. “Nearly 200,000 people move to Dubai on a yearly basis. Consequently,…
Owning a home is a keystone of wealth… both financial affluence and emotional security.