Sunday, December 10, 2006

Realty projects valued at Dh500bn on Cityscape

Real estate projects worth up to Dh500 billion are likely to be announced during the Cityscape event in December. So far, Dh1.7 trillion worth of projects in the UAE have been announced, and they are to be delivered over the next 10 years. Another Dh300bn to Dh500bn worth of projects are to be announced soon.

Tamweel, the Islamic home financer said that it expected 30,000 units - both residential and commercial - to be delivered in Dubai next year.

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