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FINANCIAL NEWS
NREC to launch $327m development in Abu Dhabi
13 Apr 2010
(MENAFN) Kuwaiti developer National Real Estate Company (NREC) said that it is planning to launch a $326.7 million residential project in Abu Dhabi, the first of several it plans to develop in the UAE, Gulf News reported.
The waterfront development, Carina Views, aimed at mid-income professionals will be developed on Abu Dhabi’s Reem Island, a statement from the company said.
Carina Views comprises 684 units in four towers and will be completed in the fourth quarter of 2012.
Abu Dhabi is currently facing a short supply in residential accommodation due to a growth in population in the last few years. REC owns and manages properties and assets in Kuwait, the Middle East and North Africa.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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