Follow this tag to curate your own personalized Activity Stream and email alerts.
Dubai largest listed developer Emaar Properties has halted new building work after a construction boom in recent years led to oversupply in the Gulf city, its chairman said on Monday.
Dubai’s real estate market, where supply has outstripped demand for much of the past decade, has come under additional pressure this year from the coronavirus crisis.
— Reuters
"We as a group have stopped supply," said Mohamed Alabbar, Chairman of Dubai's largest developer Emaar Properties, after denying similar claims back in April. The suspension includes work on the new Dubai Creek Harbour mega-development and its centerpiece, the Santiago Calatrava-designed Dubai... View full entry
