EPISODE · Oct 15, 2020 · 5 MIN
Tower Contract In Dubai Reflects Market Resiliency
from Elevator World · host Elevator World
Welcome to the Elevator World News Podcast. Today’s podcast news podcast is sponsored by elevatorbooks.com: www.elevatorbooks.com TOWER CONTRACT IN DUBAI REFLECTS MARKET RESILIENCY DAMAC Properties awarded a US$49.2-million construction contract to Trans Emirates Contracting for the 26-story Zada residential tower in Dubai's Business Bay, Construction Week reports. DAMAC said the award is a testament to a strong business model that has been able to withstand the effects of COVID-19. Units within Zada are priced at US$190,582 and include certain fees being waived. Sales are strong throughout Dubai, with the Dubai Land Department (DLD) reporting an 11.3% increase in sales in August 2020 compared to August 2019. According to DLD, attractive pricing and travel restrictions have been key in market resiliency. Image credit: by analogicus for Pixabay To read the full transcript of today's podcast, visit: elevatorworld.com/news Subscribe to the Podcast: iTunes │ Google Play | SoundCloud │ Stitcher │ TuneIn
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Tower Contract In Dubai Reflects Market Resiliency
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