Dubai Properties CEO says revenue will be higher this year

Dubai

DUBAI Properties Group (DPG), a real estate developer owned by the emirate's ruler, will increase its revenue in 2015 and a rising population will help support residential prices, the company's chief executive said.

After a rocky few years around the turn of the decade when the global financial crisis helped spark a property price crash and numerous projects were mothballed, Dubai's big property developers have been resurgent.