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FINANCIAL NEWS
Dubai to add 120,000 residential units in 10 years
13 Jun 2016
(MENAFN) Dubai’s launched projects and those announced for completion within the next 10 years could add a further 120,000 units to the existing supply.
Despite Dubai’s developers spreading out their new off-plan launches, work on their ongoing projects remains steady and will ensure the residential market is oversupplied until 2019.
“The benefit of this potential supply injection is more affordable and stable housing costs, a factor that can stabilize/reduce labor costs and support general business and economic growth Phidar Advisory said.
“Based on active construction projects, the three- and five-year demand CAGR (Compounded Annual Growth Rate) outpaces the supply CAGR, which will bring the market back to equilibrium.”
More News
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
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12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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