ACW announces five new developments

28/07/2011 - Dubai Property News Posted by Neil King
ACW announces five new developments

ACW Holdings has announced plans to build five new properties in Dubai by the end of next year.The announcement shows the firm's ability to defy the slow-down in the emirate's property market.AME Info reports that the company attributes it success to spotting the way the market would develop by adapting its business strategy accordingly.Ian Pisk, general manager at ACW Holdings, explained that in 2008 the firm made a conscious decision to focus on construction rather than sales."The change in the market allowed us to review our building specifications and increase the quality on our fittings and features," he commented."For our investors to have a stronger rental return, their properties need to be competitive, and the best form of competition in this market is quality."Meanwhile, banking group Emirates NBD has announced that it is to launch new mortgage products to attract overseas investment in light of new rules regarding ownership visas.