Dubai Investments chief expects UAE real estate growth until 2018 - Property - ArabianBusiness.com:
"The boss of Dubai Investments (DI), a diversified manufacturer and investor in property, believes the UAE's real estate market will continue to grow for at least another four years.
Khalid Bin Kalban, managing director and CEO of the investment firm whose property assets total more than AED8 billion ($2.17 billion), said: "The growth cycle in UAE's real estate market has just begun. Generally, the real estate is a five-year growth cycle... and we are just at the start of the first year.
"So we still have four years of growth ahead of us. All indications show that this growth is sustainable. Naturally, this offers us a huge opportunity."
His comments were made as DI announced that its subsidiaries across construction and related sectors were gearing up for expansion to take advantage of the current real estate boom across the UAE and GCC."
'via Blog this'
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