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FINANCIAL NEWS
Emaar in talks with UAE emirates over low-cost housing
21 Nov 2011
MENAFN) Mohamed Alabbar, Emaar Properties chairman said the developer is in talks with several UAE emirates launch a low-cost housing schemes, starting in Dubai, Arabian Business reported.
He said that although Dubai is widely seen as being oversupplied, it still has a room for properties at a price point of around USD136,000.
Emaar in October unveiled plans to shift its focus to affordable housing projects in order to benefit from the government housing schemes aimed at addressing the region’s chronic housing shortfall.
Dubai property market was hit hard by the global economic downturn, and the Gulf state’s financial crisis which lead to property prices drop more than 50 percent from 2008- peak.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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