DPG reports ‘strong performance’
CEO attributes success to competitive prices and quality
Successful investment, occupancy rates and handovers have contributed to Dubai Property Group’s strong performance in 2011.
Among the developments named were built-to-lease properties at Ghoroob and Shorooq in Mirdif, which exceeded 80% occupancy and Layan and Al Khail Gate, which have now reached 90%. Nuzul staff accommodation is 93% leased and hand-over of homes to buyers in the REMRAAM community has been complemented by the delivery of phase two of The Villas
“Our success is due to our continuing focus on being competitive on price and providing quality homes and business outlets,” commented group CEO Khalid Al Malik.
“We will continue to develop and deliver projects in line with market demands, prioritising the needs of our customers and stakeholders.”
Other developments included the opening of retail property located on Bay Avenue, Business Bay and “significant” infrastructure investment.
