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FINANCIAL NEWS
UAE- Damac on right track in H1
24 Aug 2012
(MENAFN) Dubai’s Damac Properties said it is outperforming a recent report which suggests Dubai’s prime property has experienced a 5.6 percent increase over the past six months.
Damac said in a statement that it was seeing strong interest from investors from Saudi Arabia, Russia and India who were “looking to Dubai for sound investments”.
It is worth mentioning that the latest report from global property consultancy Knight Frank, which tracks the top five percent of mainstream housing markets, showed that Dubai’s market is continuing to see an upturn in real estate valuations in the luxury sector.
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