Business | Construction
Aber Group's real estate investments top Dh1.5 billion
Property developer Aber Group announced on Wednesday that its current investments in the real estate sector have touched Dh1.5 billion.
- Staff Report
- Published: 13:02 August 6, 2008
Dubai: Property developer Aber Group announced on Wednesday that its current investments in the real estate sector have touched Dh1.5 billion.
The company's investment portfolio includes freehold, villas, hotels, commercial tower, warehouses and various labor camps projects spread across Dubai and Abu Dhabi and the northern emirates. Aber Group also reported that two of its hotels, some warehouses and a labour camp have been completed.
“We are glad to see the construction work for most of our projects getting completed with minor delays occurring due to business hiccups beyond anybody's control,'' Aber Khalfan Al Hameli, chairman of Aber Group said.
Aber Group general manager Samir Patni said the two hotels will be opened for guests early next year.
“We have already signed a hotel operating management contract with Millennium Hotels and Resorts Middle East, which will manage Aber Group's newly-built Mazoon House Hotel in Dubai by the end of this year,'' Patni added.
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