Arab Today, arab today emaar launches luxury villa selloff
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Emaar launches luxury villa sell-off

Arab Today, arab today

Arab Today, arab today Emaar launches luxury villa sell-off

Dubai - Arabstoday

Emaar Properties, builder of the world’s tallest tower, has launched the sale of 18 luxury villas in its Dubai-based Arabian Ranches development, the firm said Monday. Golf Homes, which Emaar declined to offer a starting price for, are each set in a plot of land 17,000-27,000 sq ft. The launch will bring further hope of stability to Dubai’s battered real estate market, which is slowly recovering after prices plunged more than 60 percent from their 2008-peaks. Emaar last month reported a 76 percent increase in fourth-quarter profit after retail and hospitality revenues soared. Net profit for the quarter ending December 31 reached AED716m (US$195m) up from AED274m the previous year. Shares in the company, which operates the Armani-branded hotels and Dubai Mall, are up 13 percent this year. State-backed Nakheel in February launched its first residential project since the property market crashed in 2008. The Dubai developer, which was bailed out by the government in 2009, said it would start selling townhouses on Palm Jumeirah this month. “Not everyone wants a villa or an apartment,” Nakheel chairman Ali Rashed Lootah told Bloomberg. “There’s demand for townhouses on the beach, but we’re being careful not to increase the density on the palm.” Real estate consultancy Cluttons in February said house prices in the emirate could fall further amid an oversupply of new properties. The firm warned the Dubai market was “still plagued by oversupply” but was seeing “selective stabilisation” with growing demand for homes in some parts of the city.

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 emaar launches luxury villa selloff Arab Today, arab today emaar launches luxury villa selloff

 



Arab Today, arab today

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 emaar launches luxury villa selloff Arab Today, arab today emaar launches luxury villa selloff

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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