The group is expected to be streamlined with staff cuts and unit sales planned
Tighter government regulations and an increasing mismatch between buyer and seller expectations have tempered growth in the residential market.
Adam Price, managing director of Select Property Middle East, explains why savvy investors from the Gulf should take advantage of the British student property market.
The developer slashed costs to offset revenue drop following the collapse of Dubai’s property market.
Indians, Pakistanis, Brits, Russians and others have bought 12,875 properties in the first half of the year.
The Dubai-based developer said that revenue from the sale of condominiums in the second quarter reached over $190 million.