Arab Today, arab today deyaar to hand over 4 projects this year
Last Updated : GMT 00:40:41
Arab Today, arab today
Arab Today, arab today

Deyaar to hand over 4 projects this year

Arab Today, arab today

Arab Today, arab today Deyaar to hand over 4 projects this year

Dubai - Arabstoday

Dubai developer Deyaar is due to deliver four major projects this year, including three towers in Business Bay, one of the emirate\'s hardest hit areas during the property downturn. The projects, which include Fifty One @ Business Bay, the Burlington, Oxford Tower — all commercial properties located in Business Bay — and Oakwood Residency, a residential property located in the International Media Production Zone, are 90 per cent sold and clock in at a total Dh1.5 billion. Fifty One @ Business Bay will be the first to come online in February, followed by Oakwood Residency in March. The last two commercial projects will be delivered in the second half of this year. The projects will deliver a total of 1,080 residential and commercial units. Analysts told Gulf News yesterday that the news could prove positive for Business Bay, an eight million-square-foot development that had slowed down during the economic downturn. The development of infrastructure, roads, power and landscaping has progressed slowly. \"The infrastructure development is going to be going on for a number of years as there are various bridges and road links that still need to be built. Wherever new buildings come on and local road [networks] develop, [there will be] progress,\" said Matthew Green, head of research at CB Richard Ellis, a property consultancy company. Shying away \"It is this lack of infrastructure that means occupiers still shy [away from] moving in. This is offset by the fact that rents are significantly lower than others around the CBD.\" In a statement yesterday, Saeed Al Qatami, acting Deyaar chief executive officer, said: \"The hallmark of Deyaar\'s success and indeed one of its key differentiating factors amidst these challenging conditions has been its commitment to its customers and focus on high-quality real estate projects whose value as an investment-grade product will endure over many years.\" Last year, Deyaar announced a net profit of Dh44.4 million for the first six months ending June 30. Positive boost The results were a positive boost after a loss of Dh243 million during the same period last year. The main reason for this growth was the completion and handover of their projects in Business Bay. In April, Deyaar handed over its residential projects — Mayfair Tower, Mayfair Residency and Clayton Residency — and its commercial property, Metropolis Offices. In a bid to encourage buyers, Deyaar teamed up with Tamweel, the UAE-based Islamic home finance provider in September 2011 to jointly offer ready units at four Deyaar projects in Business Bay at an optimal flat rate — with no additional fees from either the developer or the finance provider. These included Clayton Residency, Hamilton Residency, Mayfair Residency and Mayfair Tower.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today deyaar to hand over 4 projects this year Arab Today, arab today deyaar to hand over 4 projects this year

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today deyaar to hand over 4 projects this year Arab Today, arab today deyaar to hand over 4 projects this year

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday