More than 60,000 people have moved into International City
as renters upgrade to better locations and larger apartments now that prices are becoming more affordable, Anjana Kumar reports in Emirates Business 24/7 today. Property brokers tell Ms Kumar that
Discovery Gardens
, which has about 20,000 residents, is 60 per cent full - 15 per cent more than six months ago.
The
Burj Dubai
is now
scheduled to open in December, three months after its original soft launch date
, Angela Giuffrida reports in The National. Two contractors told her that there was too much work to be done. While the exterior looks complete, the time-consuming part of building a tower is fitting out the inside. The actual structure is basically taken care of by a team of concrete and steel contractors, while the interiors are handled by a stream of contractors with specialties in everything from marble to plaster to plumbing to electrical to air-conditioning.
Nakheel
counters claims from
ACI
's
Robin Lohmann
that it is delaying his projects, Alex Delmar-Morgan reports in Arabian Business. The company says it has already handed the plots over to ACI. But I gather that Mr Lohmann was also talking about the fate of the master development as a whole - nothing is more dispiriting than a tower alone in the desert. Damian Reilly, the editor of Arabian Business,
can also be found expounding on Mr Lohmann and the arc of the property sector
.
