Dubai Developer sees decline in sales revenue from villas, commercial units and land
By Deena Kamel Yousef, Staff Reporter
Published: 17:30 November 18, 2012
By Shane McGinley
Published: Wednesday, 28 November 2012 3:01 PM
Dubai will not have to depend on global financial markets to fund large-scale projects announced within the last few weeks as it has access to sufficient funding from within the UAE.
The head of Dubai Economic Council told reporters on Wednesday.
Qatar and UAE among world top infrastructure markets - EC Harris General ME
According to a new consultancy EC Harris, Qatar and the UAE have been named in the world's top four markets for investing projects.
Construction of the Taj Arabia, the $1 billion replica of the Taj Mahal, is set to begin by June 2013 in Falconcity, the sprawling mega-project on the outskirts of Dubai, the developer behind the project has announced.
In a report by Gulf News, Arun Mehra, director of Link Global, said that the 400 room, five star hotel, would be managed by Leela Palaces, Hotels and Resorts, an Indian based hotel operator with 15 palace hotels.