Business | Property

New real estate firm launches in Dubai

A new global real estate firm, Property House, launches on Tuesday in Dubai, aiming to be one of the top five real estate companies in the region, starting out with a capital of $1 billion.

  • Staff Report
  • Published: 16:14 May 19, 2008
  • Gulf News

Dubai: A new global real estate firm, Property House, launches on Tuesday in Dubai, aiming to be one of the top five real estate companies in the region, starting out with a capital of $1 billion.

Property House already has a landbank of around six million square feet in Dubai and Ajman.

Amit Kochar, general project manager, Property House, said that the company has plans to launch several projects this year in the UAE.

"The first two projects will be one residential and one commercial. One of them will be launched in Dubai in the next month," Kochar said.

Kochar said that the first residential project will be worth between Dh250 million and Dh500 million.

  • Rate this article
  • Average reader rating (32 votes) 0 Stars
Tools

Emailing an article to friend is a simple way to share a news item. Your friend will receive an email with your name and email address as well any personal message you choose to send.

The information you provide on this page will not be used to send unsolicited emails.

This service is not intended to encourage spam, and action may be taken against individuals who maliciously enter personal details of another individual.

Share this article

Property

Gulf News
Gulf News classifieds
  5. Browse all jobs
  5. Browse all cars
  6. Browse all properties
  5. Browse all classifieds
Popular in Business
Business Editor's choice
Abu Dhabi's infrastructure spending
UAE

Abu Dhabi's infrastructure spending

New road networks to reignite construction sector.

Popular in GNTV
Popular in Pictures