Dubai Investments PJSC is looking to take advantage of a recovering local property market, planning developments totaling some 10 billion dirhams over the next five years.
The company is planning a 7.5-billion-dirham project in Dubai Investment Park, comprising a village with homes, offices, shops and hotels. For that project the company is in talks with a major investor who might rent from Dubai Investments or take over the project, Chief Executive Officer Khalid Bin Kalban said.
In addition, one of the company’s units will start the tender process for the 2.5-billion-dirham Mirdif Hills project in the next two months, Bin Kalban said. The project comprises 1,500 homes, offices, shops and a hotel.
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