Despite the growing market share of domestic automakers, Teslas remain among the best-selling EVs in the Asian country
auto1 hour ago
Luxury real estate developer Damac Properties sees the decision to allow onsite sales at this year's Cityscape Global 2017 as a positive step to help boost property sector growth.
The 16th Cityscape Global 2017 conference and exhibition will be held from September 11-13 in Dubai, and is the region's meeting point for the real estate market and one of the largest industry events globally.
"For the first time, Cityscape Global will be allowing onsite property sales which we believe is a strong indication of the important role this event plays in driving sector growth locally and internationally," said Niall McLoughlin, senior vice-president at Damac.
"In Dubai, we are seeing positive demand for our residential and hotel apartment properties, and this is in line with the recent announcement by the Dubai Land Department reporting Dh132 billion in property transactions in the first half of the year, a notable gain over the same period last year that saw Dh113 billon. We applaud this decision which not only increases interest and footfall by visitors, it also ushers in a new era of growth in Dubai's evolving property market."
On Monday, Damac announced its first-half 2017 financial results which included Dh4 billion in booked sales and net profit of Dh1.6 billion. It also announced first-half 2017 delivery of 1,071 units at its Damac Hills master development.
- business@khaleejtimes.com
Despite the growing market share of domestic automakers, Teslas remain among the best-selling EVs in the Asian country
auto1 hour ago
The entire plan will see cow-breeding and poultry projects come up near the massive wheat farm and the dairy farm will form the third phase
uae1 hour ago
Modi, 73, remains resoundingly popular after a decade in office, and he is widely expected to win a third term
asia1 hour ago
With over seven years of experience in branding and social media, and three years in motion graphics and editing, Arkan's expertise spans a wide range of creative domains
kt network2 hours ago
Names of leading brands in various sectors revealed in a new report by Brand Finance
uae2 hours ago
Four workers died when the drone struck a condensate storage tank at Khor Mor Complex, Dana Gas said in a statement to the ADX
mena3 hours ago
Experience the future of comfort and convenience with innovative smart furniture, elevating your lifestyle through seamless integration of technology and design
business technology review3 hours ago
The device is equipped solely with an AI-powered personal assistant tasked with carrying out a multitude of practical tasks
business technology review3 hours ago