Saudi Arabian investment in the UAE remains strong, says Durar Properties
Thursday, July 3rd, 2008Leading UAE-based property development company, Durar (‘jewels’ in Arabic) Properties, unveiled its newest residential project in Dubai today, at a gala event held at the spectacular Mina A’ Salam last evening.
Durar 1, a twin-building development, is a joint venture between Durar Properties and Ali and Sons, and is ably supported by leading Saudi-based real estate and property investment groups, Zuhair Al Habib, Saleh Al Habib Investments and Al Mutawa Investments.
“The involvement from Saudi Arabia in this project highlights the growing interest of the global community in the local real estate industry, with the UAE real estate sector attracting SAR 30 billion of investments in 2007. Durar Properties remains at the forefront of this trend and we anticipate continued support from the Kingdom ensuring that we build on our initial successes and launch even more lucrative projects in 2009 and the coming years,” said Mohammed Miqdadi, General Manager, Durar Properties.
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