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Real Estate Briefing - Categorized | Developers, Fund Profile, Investment, Market Moves more

Dubai Properties sees portfolio doubling to $272 bln

Posted on 08 October 2008

From Reuters: Government-owned Dubai Properties said on Tuesday it plans to almost double its projects portfolio to over 1 trillion dirhams ($272.3 billion) and could announce a development in the Indian subcontinent this year.

The developers current project portfolio is worth 565 billion dirhams and “with our five-year plan we are talking about reaching a trillion dirham figure,” Chief Executive Mohamed Binbrek told reporters. ….. Full Article: Source


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