Developers upbeat about UAE market – GulfToday

uae gulf market developers
UAE
  • Date: 16-May-2021
  • Source: Gulf Today
  • Sector: Real Estate
  • Country: UAE
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Developers upbeat about UAE market – GulfToday

The UAE property developers are upbeat about the country’s realty sector despite the challenges of COVID-19 pandemic. Emaar Properties recently announced it has achieved significant increased property sales underscoring investors’ continued confidence in Emaar brand and recovery of Dubai real estate market. During the first quarter (January to March) of 2021,

Mohamed Alabbar, Founder of Emaar Properties, said: “As one of the most dynamic and growing markets in the world, Dubai’s property market resilience is a testament to its commitment to become one of the world’s best cities. We are dedicated to delivering properties in a timely manner and providing unparalleled residential developments that improve the lives of our residents and visitors.”  Aldar Q1 net profit grows 80% to Dhs 544 million as development business outperforms. Aldar Development achieved property sales of above Dhs  billion for the third consecutive quarter, demonstrating the ability of the business to unlock demand for prime real estate in Abu Dhabi. Reportage Properties, the leading real estate developer in the UAE, revealed sales of more than Dhs500m since the beginning of 2021,

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