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FINANCIAL NEWS
Abu Dhabi’s TDIC starts offering Eastern Mangroves units for rent
08 Aug 2012
(MENAFN) Abu Dhabi’s Tourism Development & Investment Company (TDIC) said it started leasing residential units at the Eastern Mangroves, Arabian Business reported.
The rental offerings come ahead of the handover of properties in the first phase of the development in September.
The first phase will include 48 three-bedroom apartments and two four-bedroom penthouses, and annual rental rates start at USD70,768.
TDIC said that it will start leasing 170 apartments of the second phase by December 2012.
In June, TDIC said it is on track to record a positive financial result in 2012, after reporting USD345 million loss last year.
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