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- UAE News: real estate prices, Tonino Lamborghini seeks sponsors and sales growth at Arada Properties
Dubai residential property prices will grow by 4-6% in 2022 according to forecasts of the consulting agency, Knight Frank.
Luxury property prices will see growth of 10-15%. 78,000 units are scheduled to be delivered in Dubai in 2022. This would be the largest delivery of units since 2009.
Tonino Lamborghini, owner of the Tonino Lamborghini brand and the son of the founder of the Lamborghini automotive brand, Feruccio Lamborghini
Tonino Lamborghini, owner of the Tonino Lamborghini brand and the son of the founder of the Lamborghini automotive brand, Feruccio Lamborghini, announced the search for investors for building: 1. Residential project in Dubai 2. Niche hospitality project in Abu Dhabi 3. Feruccio Lamborghini museum For his side, Tonino Lamborghini plans to invest $500 million.
Arada Properties posted a 38% increase in sales to $650 million in 2021 compared to 2020.
In 2021, 2,488 homes were sold. This is 6% more than in 2020. The most demanded project was Masaar, villa community in Sharjah: 559 homes worth $327 million were sold Sources: Zawya, Gulf News, Arabian Business
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