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Tameer, who have started handing over units in the Princess Tower and Elite Residence – the world?s tallest and third tallest residential towers – says the property market in Dubai is on the recovery path and prices are accelerating.
?The market is really entering into a new positive cycle. The market has been experiencing growth since beginning of this year and prices have accelerated with demand high for properties in good location,? said Tameer President Federico Tauber.
?We have a land bank in Dubai? we are analyzing the market. We have plans to launch more projects.?
The two skyscrapers are located in Dubai Marina.
Speaking to Emirates 24l7, Tauber said the company has no plans to launch any villa development but will only look at residential hi-rises.
?Tall towers are efficient for the developers and so it might be.?
Tameer has handed over 150 apartments out of the 763 in 414-metre Princess Tower. It expects to complete the process by December.