(MENAFN)A 250 percent improvement in property sales in Dubai in the January-May period of 2021 was reported by Emaar Properties.
The company further declared that sales stood at 10.5 billion dirhams (USD408.4 million), saying that it estimated even higher expansion for H1 the current year.
The founder Mohamed Alabbar also stated that “I am confident that the Dubai property market is once again a growth story for developers, in light of the UAE's wise policies, with Emaar perfectly positioned to capitalize on this.”
Wealthy international investors supported drive demand in Dubai's luxury segment regardless of a vast pipeline of upcoming supply in the wider property market.
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