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Plot sales offer silver lining for Dubai developers

Whether in Jumeirah or Akoya, they are making a strong case for such transactions Dubai: Dubai’s master-developers have cottoned on to the best way to overcome the soft demand for high-end property — sell plots instead. A trend that was initially limited to one or two developers is now gaining wider acceptance, and even have…

Omniyat to move into affordable housing

The luxury developer that brought “starchitect” Zaha Hadid to Dubai and is currently selling a Dh180m apartment on Palm Jumeirah is to move into affordable property. Omniyat, which had set itself the goal of “creating distinct liveable art in Dubai” by working with major international architects and designers, said that it is “looking at an…

Dubai and Abu Dhabi named Middle East’s most sustainable cities

Dubai has been named as the region’s most sustainable city, but it still falls in the bottom half of a new global ranking of 100 major cities. Construction consultancy Arcadis has placed Dubai 52nd in its 2016 Sustainable Cities Index, which was compiled by the Centre for Economic and Business Research. Abu Dhabi was the…

In Dubai real estate market, new price point to fight for

Dubai: Properties in the Dh1-1.5 million range will be the new battleground as Dubai’s private developers take on the affordable homes’ initiative from master-developers. It will also mean that developers will have to be quick to acquire plots in emerging locations to ensure they can get their costs right. “The market is starting to see…