Dubai Developers Plan New Projects Undeterred by Price Drop
- Damac plans six towers, DPG plans large community at Dubailand
- Dubai home prices, rents expected to drop further in 2016
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If you thought declining home prices and rents would damp Dubai developers’ appetite for new projects, think again.
DAMAC Properties Dubai Co PJSC is planning six new towers on Dubai’s main highway, while state-owned developer Dubai Properties Group said on Sunday that it’s seeking to construct more affordable homes.