DPG To Give Details? On Delayed Projects

Dubai Dubai Properties Group ( DPG ) will make an announcement by the end of the year as to when it will deliver projects that had been on hold, the group chief executive said.

“At the end of this year we will announce when the projects held in the past will be delivered,” Khalid Al Malek told Gulf News, when asked for a status update on the company’s delayed projects.

Both the Remraam and Bay Square projects are in the delivery stage and Business Park is in the planning phase, he said.

“The DPG is focused to continue financing and developing projects announced earlier in our destinations like Dubailand and enhance the environment in JBR and Business Bay,” Al Malek added.

The company’s leasing portfolio is helping its liq-uidity, he said.

The retail segment of JBR has 90 per cent occupancy and the residential segment has 95 per cent occupancy such as in Shorooq and Ghoroob Mirdiff properties, he said.