Dubai Real Estate: Developer Deyaar is planning new projects valued at $82 million as the property market rebound

The Dubai-based developer is planning to launch three new projects valued at 82 million—moreover, the plan focus on expanding the real estate portfolio during high demand from buyers.

In a statement to Dubai’s financial market, the company says the project includes 400 residential units and Hotel apartments to be launched in Al-furjan, Dubai. 

The first project will be Amalia residences; however, the remaining two are yet to announce. 

In addition, the company has not mentioned anything about the project timeline, construction, or funding plans. 

The CEO says, “we are pleased to announce the expansion of our growing portfolio of residential and Hotel projects. In conjunction with the launch of our presence in Al-furjan, Dubai, through three different projects. These projects bring housing options to the area.”

The launch announcement comes amid the blooming period of Dubai real estate. According to reports, the economy is growing by 6% this year.

The vice president of sales says, ” we are offering flexible payment plans of up to 5 years. Also, full exemption from the real estate registration fee.” 

For all the latest real estate and business news from the UAE, follow us on Twitter and LinkedIn, like us on Facebook, and subscribe to our YouTube channel, which is updated daily.