Dubai Offplans
Nakheel awards Dh595m contract for Nad Al Sheba Mall. Nakheel has awarded a contract of Dh595 million for the Nad Al Sheba Mall, a 1.4 million square foot facility that has a total development value of Dh825 million. Metac General Contracting Co will build the mall, which will have 200 shops, restaurants and entertainment outlets…
Nakheel records Dh1.55b in first quarter net profits Nakheel has reported net profits of Dh1.55 billion for the first three months of 2018, which is a 5 per cent gain over its first quarter 2017 returns. During this period, it handed over around 200 land and built units, and also sold the last of the…
Deira Islands set to have $160M beachfront resort 600-room project to add another international hospitality brand to Dubai’s ever-growing choice of accommodation Nakheel is planning a new partnership with Austria’s largest independent hotel chain, Vienna House, to develop a $160 million resort at Deira Islands. The 600-room beachfront project will add another international hospitality brand…
Ask for a higher rent and lose a potential tenant Dubai residents are getting extremely choosy about where they want to move into. It doesn’t matter whether a building has just been delivered, if the landlord’s offered rents do not match market rates, the homes are likely to remain empty. Even “newly handed-over, lower-end buildings…
Owning a home is a keystone of wealth… both financial affluence and emotional security.