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FINANCIAL NEWS
Omniyat to build USD273m Langham Place in Dubai
25 Aug 2015
(MENAFN) Real estate developer Omniyat has announced its strategic alliance with Langham Hospitality Group to exclusively introduce the Langham Place Downtown in Dubai.
The USD273 million project will comprise the five-star luxury hotel and serviced apartments, adding a total of 438 units to the hospitality sector in Dubai upon completion in 2018.
Located in Burj Khalifa district, Langham Place Downtown Dubai will span a built up area of 63.1 square meters. The announcement of Langham Place Downtown Dubai brings the total value of Omniyat’s portfolio to USD4.4 billion.
“We are pleased to partner with Langham Hospitality Group to expand our portfolio in the region by introducing a new offering in the market,” executive chairman and CEO of Omniyat said.
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BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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