In September alone, regional and international developers unveiled 27 projects worth AED40 billion, Emirates 24/7 reported. Listed on the Dubai Financial Market, Union Properties is looking to launch a AED430 million residential project, comprising 200 units, in MotorCity.
Meanwhile, the developer of 432-metre-high Marina 101 in Dubai Marina, Sheffield Holding Limited is planning to invest nearly AED1.3 billion in two serviced apartment projects in the emirate.
Radiant Star Group of Companies, a real estate development company, will be unveiling two projects in Jumeirah Village Circle before year-end, company Managing Director Abid Junaid told the website. The first project in Jumeirah Village Circle will be an AED450 million three-tower development housing 400 apartments, while the second one is a 13 townhouse project worth AEDh35 million.