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  • 27-12-22

    UAE’s Al Habtoor Group prepares 3 massive housing ventures next year valued USD2.58B

    (MENAFN) UAE-located conglomerate Al Habtoor Group is going to establish three massive residential ventures valued at a forecasted 9.5 billion dirhams (USD2.58 billion) through Dubai next year, as said in an announcement.

    “The strong economic recovery in Dubai in 2022 and the high development levels that have reached new heights not even witnessed before the COVID-19 crisis, were encouraging factors to be involved again in the real estate sector and increase investments in new quality projects," the announcement mentioned, quoting founding Chairman Khalaf Ahmad Al Habtoor.

    Sited in Al Habtoor City, the initial venture is prepared to involve an amount of residential towers, one of which is prepared to be the biggest internationally in terms of size as well as figure of apartments.

    Serving the hospitality and entertainment industries, the complex targets to cater to all lifestyles. The building expenses for this complex have reached an amount of 4.5 billion dirhams (nearly USD1.2 billion).

    MENAFN27122022000045014228ID1105356030

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