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Tiger announces Dh10b projects in Dubai, Sharjah

Property developer says The Square, Dubai, will be the first of 12 projects launched this year

Gulf News

Dubai: Tiger Properties has announced plans to develop 18 real estate projects in Dubai and Sharjah, from 2018 until the end of 2020, at a total cost of Dh10 billion.

The group said it will launch the “The Square” project in Dubai with a total of 400 units, costing Dh500 million, which will be the first of 12 projects to be launched this year.

On the sidelines of a press conference held by the group in Dubai to announce the launch of “The Square” project, Eng. Walid Al Zoubi, Chairman of Tiger Group, revealed the company’s intention to expand its portfolio to include other projects in Abu Dhabi, where a number of projects are being considered for implementation during the next phase as well as plans to implement an integrated city in Ajman.

Al Zoubi noted that during the past year, the company handed over 2,000 housing units for both sale and lease. It is expected that 2,000 new units will be delivered in 2018. The company’s investment plan includes the development of 13 projects in Dubai and five projects in Sharjah.

He referred to the Group’s investments in the hospitality sector, adding that Tiger Group is also plans to enter the education sector for the first time in the UAE.

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