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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
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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