Dubai developer on track to deliver Dh36.7bn mega project


The developer of Mohammed Bin Rashid Al Maktoum (MBR) City – District One, a Dh36.7 billion project in sales revenue, is not expecting any price correction in Dubai’s luxury property market.

“The market is stable and we don’t see any price correction… we see the market recovering by year-end,” PNC Menon, Chairman, Sobha Group told ‘Emirates24/7’.

Meydan Sobha, an equally owned joint venture between Meydan Group and Sobha Group, is developing of the project, which was launched in May 2013. The latter is overseeing the construction side.

Read the entire article at Emirates 24/7.