Dubai's ruler issued a directive on Monday that would curb the pace of new real estate construction projects as property prices fall and the sheer scale of developments threatens to outstrip demand.
Dubai's ruler issued a directive on Monday that would curb the pace of new real estate construction projects as property prices fall and the sheer scale of developments threatens to outstrip demand.
Developers, however, continue to build at breakneck speed, and have completed around 21,000 residential units in the first half of the year, according to Property Finder. More than 38,400 additional residential units are scheduled to be completed by the end of the year. Dubai is already home to six mega-sized malls, including the Dubai Mall, which is one of the world's busiest and largest. Another six large malls are currently under construction.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Who is Dubai ruler's social media warning over 'misuse' aimed at?Some Gulf news outlets see the message by Sheikh Mohammed Bin Rashid Al Maktoum as a coded warning to prominent Emiratis on social media, such as former police chief, Dhahi Khalfan
Leer más »
Stocks shiver as new U.S.-China tariffs add to global gloomGlobal stock prices fell on Monday after the United States and China imposed new...
Leer más »
Stocks slip as new U.S.-China tariffs add to growth risksGlobal stock prices fell on Monday after the United States and China imposed new...
Leer más »
Argentine peso, bonds whiplashed after capital controls imposedArgentine bond prices fell to record lows on Monday and a jittery peso see-sawed...
Leer más »
23 Songs for Pushing the Pace During Fall TrainingFor many runners, this month signals the return to a more structured running routine as the chaos of summer schedules dies down.
Leer más »
Bank of England eyes reform to make long-term investment more attractiveMore realistic curbs on investors wanting to pull cash from funds could make inv...
Leer más »