Monday 17 December 2012

Major developers build on resurgence - The National

The opening day sales of new property developments in Dubai these days are becoming a bit like buses - you wait ages for one and then three come along at once.

Certainly that was the case this weekend when three of Dubai's biggest property developers between them brought more than 400 new off-plan homes to the market.

In a series of announcements reminiscent of the heady days of 2008, first Nakheel, then Emaar and then Damac attempted to capitalise on reports of an improvement in market sentiment by selling off as yet unbuilt luxury homes to investors.

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