Major developers to remain focused on income-generating assets

Emaar Properties and Nakheel are likely to continue focussing on their income generating assets, as the real estate market in Dubai matures, and deliveries continue at slow pace, CBRE said.

During first half of the year, Emaar enjoyed sales from higher apartments, owing to launch of their Panorama at the Views project.But, overall, major developers are seen focusing on income generating assets, and in developing their communities further, so as to derive fresh revenue streams, said Matthew Green, Head of Research CBRE.Emaar and Nakheel have announced expansion plans, recently, for all major retail centres, including Dubai Mall, Ibn Battuta, and Dragon Mart, which indicates current market confidence, he said.

via Major developers to remain focused on income-generating assets.

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