Property in Dubai 'well on course'

A United Arab Emirates (UAE) developer has announced that its latest property in Dubai is well on course to be completed.

Al Fajer Properties has revealed that phase one of the luxury Ebony and Ivory Towers has neared 80 per cent completion, with 15 per cent of construction finished in phase two.

The company has undergone a voluntary construction audit carried by a Real Estate Regulatory Agency and will be available on the organisation's website shortly.

Sheikh Maktoum bin Hasher Al Maktoum, President of Al Fajer properties, stressed the need to adhere to regulations when constructing property in Dubai and real estate in the UAE.

"Today, Dubai, like any developed economy, is returning to fundamentals. I believe those companies with a strong focus on management and performance as their core competencies will be able to excel in the current market conditions," he commented.

In other news, the recent La Baule World Investment Conference featured the outlining of a number of strategies for property in Dubai, including how to better promote it to the world and encourage further purchases.