Thursday, May 17, 2007

Zenath real estate plans new series of projects worth Dh.2billion

One of the leading property development companies in UAE, Zenath Real Estate, also a part of the Khalid Abdullah Al Ghurair Group, has announced its plan to construct a series of commercial, residential and hotel projects worth Dh.2billion at UAE.

The Director of the group, S.M.Sadique mentioned that these upcoming projects will help Zenath in gaining presence in the competitive real estate market, and that twelve years of exposure in the field has already helped them in building projects that are best in design, quality and luxury.

The group has plans of developing ten hotels, including a four-star 'Landmark Inn' on Al Rigga Road in Dubai within a span of two years. Apart from the Dh.60million four star - Landmark Inn, the other projects include Dh.150m Landmark Palace Hotel at Al Rigga Road, a four-star hotel at Salahuddin Road, the Landmark Grande Hotel at Nasser Square, another four-star hotel at Abu Dhabi, a Dh.150m four-star hotel at Dubai Investments Park, a 220 rooms hotel at Fujairha Corniche worth Dh.150m, a four-star near Dubai International Airport worth Dh.175m and a deluxe service apartment at Ajman Corniche.

These hotels are likely to be managed by the Landmark Group of hotels, irrespective of whether they are Zenath's own projects or join-venture or lease projects.

Zenath's other residential and commercial projects include Nahda Enclave - residential complex in Dubai worth Dh.70m, The Central Park - a shopping mall at Dubai Investments Park worth Dh.175m, a residential and commercial building at Port Saeed, a showroom complex worth Dh.25m at Dubai Investments Park, a factory and warehouse also at Dubai Investment Park and various other amenities at Deira.

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