Mariam's journey culminated in the declaration of her Shahadah on a Friday, an experience she describes as lifting a burden from her chest
Revenue from these sectors will continue to grow with the completion of retail and hospitality projects such as The Pointe, due to open this year, and The Night Market, Warsan Souk, The Palm Tower and Nakheel Mall, which are due to come on line in 2019.
Nakheel officially signed construction contracts worth more than Dh6 billion between January and June this year. Among them: contracts for Dh4.2 billion for Deira Mall; Dh600 million for Nad Al Sheba Mall; Dh447 million for a bridge between Deira Islands and mainland Dubai; and Dh385 million for the 800-room RIU resort at Deira Islands.
According to a report from the Dubai Land Department, Dubai's real estate sector slowed in the first half of this year with deals transacted falling 16 per cent in value year on year.
The total value of real estate transactions dropped to Dh111 billion in the first half of 2018, compared to realty transactions worth Dh132 billion recorded in the first six months of 2017.
Analysts believe that strategic government decisions announced this year, including granting investors residency visa for up to 10 years, 100 per cent foreign ownership of businesses outside as well as inside the free zone and reducing government fees, would soon be having a positive impact on sustainable growth and on strengthening the competitiveness of the national economy.
- issacjohn@khaleejtimes.com
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