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Dubai’s real estate market shows fresh signs of recovery

Posted on 29 June 2012

Just days after Dubai increased the land that is available for foreign investors, al-Futtaim Group Real Estate’s Festival City started offering the first Freehold property on the Dubai Creek side, a UAE daily reported on Thursday.
The four and five-bedroom villas are priced at 4.8 million UAE dirhams ($1.3 million) and above. With 24 units are currently on sale, more houses and apartments will be on offer over the next 18 months, Dubai Festival City General Manager of Property Sales Ian Plumley told The National………………………………………..Full Article: Source


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