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10-03-14

Kuwait's IFA launches USD270 m development

(MENAFN) Kuwait's IFA Hotels & Resorts, the largest foreign investor in Dubai's Palm Jumeirah, has opened the new mixed-use luxury development worth USD270 million, according to Arabian Business. The new development was launched by the giant IFA on the manmade Peninsula. The development includes 300 two and three-bedrooms apartments, townhouses and penthouses. IFA chairman and CEO Talal Al Bahar said: "The Palm Jumeirah continues to be a market leader in property value retention and rental yield."