Dubai still offers the best developer margins in region | GulfNews.com:
"Despite the recent rise in costs, Dubai still offers the best option in the region for developer margins, according to a top official at Damac Properties.
“Whether it’s Saudi Arabia or Jordan, the margins are half of what is there in Dubai and it’s how it will continue to be,” said Adil Taqi, Chief Financial Officer. “It’s got nothing to do with a developer slashing sales prices to create sales. It’s because these are the structural prices that a property sells in those markets.
“If anything, this reinforces our conviction that Dubai is the place to build … and continue building.”"
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