Dubai: Zabeel Investments - a multi-diversified investment house which has delivered the Dh2.1 billion Tiara Residence - said, its asset increased to Dh8 billion in recent months.
Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai, and Chairman of the Dubai Executive Council, said on Tuesday that investment in key economic sectors is an important strategic option for the coming period.
He met on Tuesday with the board of directors of Zabeel Investments when he was briefed by the company's chairman, Saleh Lootah, on the progress being achieved at the company's various projects. Shaikh Hamdan emphasised that the focus in the coming period should be on projects and plans of strategic priority.
During the meeting, Shaikh Hamdan Bin Mohammad was briefed on one of the company's major projects; the prestigious Zabeel Saray, a five-star hotel being built on Jumeirah Palm which boasts oriental designs and is considered one of the most luxurious hotels in the region.
Work on the project is reported to be 99 per cent complete and the resort is scheduled to be opened later on this year when it will be added to Dubai's distinguished portfolio of touristic projects.
Zabeel Investments was established in 2006 with its portfolio of assets recently reaching an impressive Dh8 billion diversified amongst various sectors including real estate development, construction, hospitality, media, financial services, and education.
Zabeel Investments launched Tiara Residence on Palm Jumeirah at a cost of Dh2.1 billion.
