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5 projects worth AED3b launched in one day

11.12.2014
Four of the projects were launched in Dubai, while one was unveiled in Fujairah.
Five new projects worth AED3 billion were launched in the UAE on Tuesday, indicting the growing confidence of the industry and investors in the country’s real estate market, Emirates 24/7 reported.
Four of the projects were launched in Dubai, while one was unveiled in Fujairah.
Omniyat Group, a Dubai developer, broke ground on AED600 million 'Anwa' – its first project - in Dubai Maritime City.
Meanwhile, Al Habtoor Group, one of Dubai’s largest conglomerates, announced three new projects worth over AED2 billion. “Work is already underway for the three developments – AED993 million Habtoor Polo Resort & Club and a combined AED1.02 billion for Metropolitan Sheikh Zayed Road and Oasis Villas,” Khalaf Ahmad Al Habtoor, Founder and Chairman of the Group, said.
Al Taif Investment, a joint venture between Dubai Investments and Fujairah Investment Establishment, the investment arm of Fujairah Government, launched the AED400 million Fujairah Business Centre project.

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