Off-plan sales flying in Dubai now the world’s hottest property market again « ArabianMoney:
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It is astonishing to think that only four years ago the Dubai property market went through one of the worst crashes in the world during the global financial crisis. Today its real estate prices are rising by the fastest in the world, according to the Knight Frank index, and rental increases are also topping the global league table. Off plan sales are also flying again.
Who are Skai Properties? That has not stopped this unknown, new privately-owned developer from selling 98 per cent of a luxury apartment complex on the Palm Jumeirah that looks a bit like a beached cruise liner (see above), albeit in a business venture that includes the world’s largest contractor, China State Construction Engineering."
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