Friday, August 24, 2012

Major developers to remain focused on income-generating assets

Emaar Properties and Nakheel are likely to continue focussing on their income generating assets, as the real estate market in Dubai matures, and deliveries continue at slow pace, CBRE said.

During first half of the year, Emaar enjoyed sales from higher apartments, owing to launch of their Panorama at the Views project.

But, overall, major developers are seen focusing on income generating assets, and in developing their communities further, so as to derive fresh revenue streams, said Matthew Green, Head of Research CBRE.
Emaar and Nakheel have announced expansion plans, recently, for all major retail centres, including Dubai Mall, Ibn Battuta, and Dragon Mart, which indicates current market confidence, he said.

1 comment:

Real Estate Home Network said...

I was in Dubai back in February of 2012 and met with a few agents. At the time the real estate market was stable and the rental market was doing very well. I believe Dubai will see a big increase home sales over the next few years. Dubai is becoming a bigger name for vacationing and doing business in. Dubai is a great place to invest in real estate in residential and commercial.