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The resort and waterpark would be located within easy reach of Nakheel's Deira Mall and Deira Islands Night Souk, which will have 6,400 shops, restaurants and cafes between them.
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Dubai Land Dept records 34,000 real estate transactions worth Dh186b in Jan-Sept 2015.
The day-long conference was headlined by key speakers from Bloom Holding, Abu Dhabi Finance, CBRE Middle East , JLL Mena, Prof Estate, Core - Savills, and Morningside.
Net profit during the third quarter (Jul to Sep) 2015 was Dh376 million ($102 million), 17 per cent higher compared to third-quarter (Jul to Sep) 2014 net profit of Dh321 million ($87 million).
Bin Kalban said the current slowdown in the real estate market was natural.
A quick look back at the history of these reports and it quickly becomes clear just how far apart the predictions are to the actual reality of the number of delivered projects.
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More purchasing power, consumer confidence key factors.