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Dubai developers are turning their attention to ?affordable? housing in 2015, with Dubai Properties DP, the development arm of Dubai Properties Group DPG, joining the bandwagon.
The developer will be selling units in Remraam project in Dubailand to individuals earning salaries of between Dh9,000 and Dh15,000 per month, with average unit prices, starting Dh400,000.
?Almost half of the households in Dubai earn between Dh9,000 and Dh15,000 a month. We have chosen to base our pricing model on this to bridge the affordable housing gap available in the market and target these households”.