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FINANCIAL NEWS
DI to supervise DIP housing project in Dubai
15 Jun 2016
(MENAFN) Dubai Investments, a leading investments conglomerate listed in Dubai, has sealed a deal to manage and market the ‘The Palisades’ project within Dubai Investments Park (DIP).
The Palisades, distributed across an area of 20 million sq ft, is a residential project containing 20 buildings with 1,450 apartments, 36 townhouses and eight luxury villas.
DI said that it has created a new entity – Palisades Development Company – for leasing, buying and selling of land in the project to attract investors.
Furthermore, the structures and facilities of the project will be constructed and improved in phases, and will approximately cost a total of USD163 million.
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