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Dubai developers to revive housing projects

Posted on 16 April 2013

Developers are reviving building plans after nearly three years of inactivity, encouraged by a gradual recovery in real estate. Another 40,000 new homes will enter Dubai’s property market over the next two years as developers revive projects stalled after the collapse of the emirate’s real estate market, a report said on Sunday.
The new properties to be built between 2013 and 2015 will represent 11 per cent of the current stock of 357,000 units, consultants Jones Lang LaSalle said in a report on Dubai’s real estate market for the first quarter of 2013………………………………………..Full Article: Source


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