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FINANCIAL NEWS
UAE Al Habtoor invests USD547m on 3 projects
09 Dec 2014
(MENAFN) Dubai-based Al Habtoor Group announced it is planning to invest USD547 million on three new projects including a polo resort and club, a four-star hotel and a residential community, Arabian Business reported.
The first project will be The Al Habtoor Polo Resort & Club, at an estimated worth of USD270 million, and will include a five-star hotel with 136 rooms and 162 bungalows, a polo club, a polo academy, a riding school with 500 stables and three professional polo fields, with plans to build the project in 3 stages and that it will open in early 2017.
The Metropolitan Sheikh Zayed Rd is the second project planned by the group, which will include the Red Lion English pub and Don Corleone Italian restaurant, as well as having 334 rooms and is due for completion in 2016.
The final project involves building The Oasis Villas next to the Metropolitan in Jumeirah, which will include 74 villas with between four and six bedrooms each, as well as a communal gym, pool, children’s play area and jogging track.
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