Business | Property
Al Fattan will invest Dh1.85b in two Dubai projects
Dubai-based Al Fattan Properties yesterday announced two major developments with a combined value of Dh1.85 billion, a statement said.
- Staff Report
- Published: 00:00 April 17, 2007
Dubai: Dubai-based Al Fattan Properties yesterday announced two major developments with a combined value of Dh1.85 billion, a statement said.
These include Al Fattan Currency House, a Dh950 million mixed-use development comprising a 52-storey tower with serviced apartments, a modern office building and a retail and leisure pavilion.
It will be built next to The Gate in the world's newest international financial cluster - Dubai International Financial Centre. And the Al Fattan Experience Centre will also provide a unique property marketing hub that will provide individual buyers and investors the opportunity to get a first-hand look and feel of the high quality and splendour of the company's residential, commercial and leisure projects.
Just after the unveiling of the Al Fattan Experience Centre and Al Fattan's new corporate identity, Salah Aziz, General Manager of Al Fattan Properties, elaborated on the new luxury projects in the pipeline.
The Jumeirah Al Fattan Palm Resort, a Dh900 million ultra-exclusive resort development that is being built on The Palm Jumeirah. Comprising separate residences, serviced apartments, a spa retreat, marina, beach club and a five-star hotel, the project has been designed in an elegant foliage shape, in keeping with the unique spirit of The Palm.
The beach-front development will be managed by Jumeirah Hotels and Resorts.
Business Editor's choice
-
‘Wrong Way' Krugman
The source of our economic malfunction lies with government-mandated bank regulations
-
Greek exit could make Eurozone stronger
Departure will show limits of bailouts and allow remaining members to act much more like a unit
-
UAE upholds values of free trade
Recently released statistics confirm an established fact, namely that of the UAE embracing the free trade principle in general and imports in particular
