Acquisition marks Aldar's entry into Saadiyat Island; expected to be completed by end-June
Construction cost increasing at a slower pace in relation to material cost, according to Colliers Middle East
Developer currently has no plans to build out remainder of the $1 billion scheme
Nakheel Mall, The Pointe and Nad Al Sheba villas all set to generate revenue for the firm by year end, Lootah says
Banning off-plan sales until projects hit 50 percent completion would make life "extremely difficult" for developers, says firm's Dubai office head
The development will be implemented over a 15-year period.
7,000 new residential units to be handed over in the UAE capital this year
First phase containing two resort hotels planned for completion in 2022