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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
24 May 2023
Empowering Success: BBK and BIBF honor 24 graduates of the BBK’s Women on Board Programme
16 Mar 2023
BBK partners with Four Seasons Private Residences Bahrain Bay to offer ownership financing for 112 waterfront homes.
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