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FINANCIAL NEWS
UAE- Deyaar to complete 4 projects in 2012
30 Jan 2012
(MENAFN) CEO of UAE-based developer, Deyaar, stated that it would hand over a thousand residential units over the course of 2012 to buyers, reported Arabian Business.
The CEO said that 2012 would witness the completion of four Deyaar projects that had been delayed. The four projects are Commercial property Fifty One @ Business Bay, Oakwood Residency in International Media Production Zone, The Burlington and Oxford Tower.
The delays came after the developer was affected by the global financial crisis which hit back in 2008. Since then, property prices in the UAE went down by sixty percent.
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BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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