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"We are committed to the notion that quality matters and will never stop striving for perfection"

Nakheel chairman calls recent dip in Dubai property market “a good correction”

3/16/2016

 
Picture

​The chairman of one of Dubai’s biggest developers has said that the dip in the city’s property prices has been positive.
​
The Financial Times reported that Ali Rashid Lootah said the downturn was a “good correction – we don’t want Dubai to be too expensive” during an industry conference in Cannes.
Lootah called the financial crisis “a good lesson learnt,” adding that the property market in Dubai was “very stable – demand is less but it has stabilised”.

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  • Home
  • ~ Dubai News ~
  • THOE
    • The Floating Seahorse
    • Portofino Family Hotel
    • Germany Island Villas
    • Monaco De Dubai Hotel
  • EMAAR
    • Aseel Golf Villas
    • Il Primo Penthouses
    • Palace Residences
    • Beachfront Apartments
    • Grande Downtown
    • Expo Golf Villas
    • Maple Villas
    • Creek Gate Apartments
  • Nakheel
    • Al Furjan
    • The Palm Tower
    • Nad Al Sheba Villas
  • Meraas
    • Bluewaters
  • Al Wasl
    • The Nook Apartments
  • Palm Jumeirah Portal
  • Company Sponsorship
  • Member Registration