Business | Property
Channel Sponsor
Al Fajer inks property deal with Polish firm
Al Fajer Properties and Kulczyk Investment House (KIH) of Poland have agreed to invest Dh225 million in the region through a Real Estate Investment Partnership (REIP).
- Staff Report
- Published: 00:30 March 17, 2008
Dubai: Al Fajer Properties and Kulczyk Investment House (KIH) of Poland have agreed to invest Dh225 million in the region through a Real Estate Investment Partnership (REIP).
Shaikh Maktoum bin Hasher Al Maktoum, CEO of Al Fajer Group and chairman of Dubai International Holding has been appointed president of Al Fajer Properties (AFP).
The partnership provides KIH the opportunity to invest in the Jumeirah Business Centre Towers.
Shaikh Hasher, chairman of Al Fajer Group, said, "AFP has posted significant growth in Dubai's real estate market and I am confident that with the expertise of my son, Shaikh Maktoum, the company is poised to be a global entity."
Shaikh Maktoum emphasised that yields and returns in the real estate market within the region will continue to grow.
He said that as foreign investor confidence in the region continues to grow, more new partnership opportunities will emerge in the real estate market.
Share this article
Gulf News classifieds
Popular in Business
Business Editor's choice
-
Credit swaps... a fair trade
Would you swap an unbuilt unit at the Lagoons for an apartment at JBR?
-
New face of safety
Volvo reveals a sleeker S60, ready to hit the roads early next year
-
When the Web lives worldwide
Cutting-edge firms are building massive data facilities all over the globe
-
Banking
Mortgages: there's light at the end of the tunnel
UAE buyers are securing home loans again
