Chinese property firm to commit Dh5b in UAE

DUBAI: Fidu Properties, the Chinese-owned property firm plans to commit Dh5 billion in investments in the UAE over the next three years.

Of this, about Dh2 billion will be pumped into Dubai real estate sector this year itself. “We feel the growth in the coming years would be phenomenal, particularly in the real estate sector which represents one of the strategic priorities of foreign direct investments into the UAE,” said Amit Dahima, marketing manager.

It recently entered deals worth Dh380 million with Emaar for residential and commercial space spanning 210,000 square feet at The Grand at Dubai Creek Harbor. (Staff Report)