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FINANCIAL NEWS
Damac Properties announces USD96 m luxury housing project
17 Sep 2013
(MENAFN) Damac Properties, a real estate developer in Dubai, planned to construct a luxury housing project in Riyadh worth USD96 million by Saudi Binladin Group (SBG), according to Saudi Gazette.
Binladin subsidiary Haramain Gate for Construction will run and finish the work of Damac’s most important construction project.
Niall McLoughlin, senior vice president of Damac Properties said: “Damac Properties is thrilled to be working with Biladin group on the construction of Damac Esclusiva which will take the standards of luxury home living in the Middle East to a new level.”
The new 100 apartments will be luxurious, and use the Italian fashion house Fendi Casa designs.
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