Thursday, December 27, 2007

Khuyool to invest in 13 realty projects in Dubai totaling to Dh.3bn

Khuyool Investments has announced an investment of Dh.3billion in about 13 real estate projects in Dubai, revealed top officials of the company.

The Chairman of Khuyool Investments, Fahad Ali Moosa, said these include 10 projects, with five high-rise towers in Jumeirah Village South, and five mid-rise buildings. There will also be three towers being built in the Downtown Jebel Ali, as this is the beginning of a long journey.

He continued - Our first project, the Abjar Tower, with 64 storey, has received tremendous response from the market, and we are confident that the demand would continue to drive our future projects.

The company has been active in the Sharjah real estate sector for quite some time, and has just entered the Dubai market.

Strong housing demand, coupled with high oil price and massive investments in infrastructure is drawing investors to Dubai's real estate market.

1 comment:

Armin said...

There is no date for construction start of Abjar Tower,in JVS.It should be the first project of Khuyool investments.