December 7, 2023

MGM and Bellagio hotels are planned as part of massive $1.2bn contract awarded to Dubai developer

Contracts to construct The Island, a project modeled after Las Vegas, have been given to a property developer in Dubai. China State Construction Engineering Corporation was given a contract worth AED 4.4 billion ($1.2 billion) by real estate developer Wasl, according to a MEED report. According to reports, the contract represents the biggest construction agreement in the Emirate since 2017. The...

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An investment in Dubai property by schools can boost returns by 44%

According to a recent study, investments in some of Dubai’s most well-known school districts, like Mohammad Bin Rashid City and Al Khail, can yield returns of up to 43.7 percent over a five-year period. In addition to commanding attractive rental yields of approximately 6 percent per year, residential projects located near reputable schools can yield returns on investments ranging from 22.5 percent to...

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