Eligible citizens who submit requests through the new programme, ESKAN, are expected to be allocated homes within seven months.
Barwa made 1.4 billion riyals ($384.5 million) in 2013, up from 1.1 billion riyals in the prior year, according to a bourse filing.
The district will help Dubai earn around Dhs300 billion in tourism revenues per year by 2020, the developer says.
The projects have a total developmental value of Dhs5.7 billion and are being fully funded by the Abu Dhabi government.
The financial park and real estate project had been suspended for five years.
Falcon Island will cater to the luxury market outside Dubai and Abu Dhabi.
The Dubai developer will launch for sale the second phase of luxury residences at Mulberry at Park Heights.
The development will add around 300 units to Palm Jumeirah’s property inventory.
The project will comprise one residential tower and one tower of serviced apartments.
Rising house prices could affect Dubai’s regional competitiveness, an expert has said.
Under the deal, Arabtec Construction will build over 1,500 townhouses in Emaar’s Reem community.
The developer said it booked sales worth $2.5 billion in 2013 compared with $661 million in the prior year.
Land prices in areas such as Studio City rose 15 to 20 per cent.
The developer said that it will auction off residential plots ranging from 7,750 to 8,700 square feet on March 4.
The developer said it has allotted up to one million square feet for hotel and serviced apartment projects in the city.
The developer auctioned off eight plots, selling each for an average of Dhs4.3 million on Wednesday.
The plots, each measuring 8,820 square feet, will be auctioned off on February 26 in the Nakheel Sales office on Al Sufouh road.
Foreigners currently own 4.35 per cent of the company, according to bourse data.
Mulberry at Park Heights comprises of 330 apartments in close proximity to an 18-hole championship golf course.
The Dubai developer announced earlier this year that it would repay Dhs4 billion of its bank debt in 2014, ahead of maturity in September 2015.
Unlike Dubai, Abu Dhabi’s property market rebound appears to have been triggered by clever government intervention in the market.
One-bedroom units in the emirate recorded the highest rise in rates as rents rose by 11 per cent in the last quarter.
The new entity, called Emaar Jameel, will focus on developing integrated real estate projects in the Kingdom.
Along with domestic buyers, Dubai’s real estate market is recording a rise in institutional investors.
Prices for the 504 units on sale at the Palm Tower Residences start from Dhs1.5 million.
The developer, which launched several new projects last year, said its total value of sales in Dubai for 2013 was Dhs12 billion.
A construction contract for Nakheel Mall is expected to be awarded within three months.
Restaurants Oblix, Aqua Shard and Hutong moved into the tower last summer.
The Abu Dhabi property firm is open to bank loans as well as bonds, according to the firm’s CFO.
RAK Properties has said that the company is expecting a stronger performance in 2014.