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FINANCIAL NEWS
Dubai Properties Group income high at USD2.5b in 2014
31 Aug 2015
(MENAFN) Dubai Properties Group (DPG), a real estate developer, will grow its income in 2015, supported mainly by an ever increasing population which will support residential prices.
The sector is projected to perform positively, there’s an upward trend in the population internally and there’s also an arrival of migrants to the city, moreover, its real estate revenue was USD2.5 billion in 2014, up 18 percent y-o-y.
“Retail has always been important because it’s an integrated part of our projects. We will do more retail based on customer demand,” said its chief executive, adding that the firm has no plans soon to build projects outside of Dubai.
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