Al Fattan will invest Dh1.85b in two Dubai projects
4/17/2007 9:34:13 AM
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.
Dubai is a city in the United Arab Emirates that is built around the principles of free trade, foreign investment, and sound business practices. It was Sheikh Maktoum bin Hasher Al Maktoum who declared Dubai as a free port in 1901, abolishing all tariffs. The Dubai property market is setting the standards for property development throughout the world more
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Dubai is a city in the United Arab Emirates that is built around the principles of free trade, foreign investment, and sound business practices. It was Sheikh Maktoum bin Hasher Al Maktoum who declared Dubai as a free port in 1901, abolishing all tariffs. The Dubai property market is setting the standards for property development throughout the world
