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FINANCIAL NEWS
UAE’s Deyaar sells land in Texas
26 Jun 2014
(MENAFN) Deyaar Development PJSC (Deyaar), a Dubai-listed master developer, said it has recently sold 5.98 acre of its land in Houston, Texas, according to the Emirates 24/7.
Deyaar also said it will invest the money in expansion projects in Dubai.
Saeed Al Qatami, Chief Executive Officer, Deyaar Development, said: “The sale is in line with our overall strategy to direct our investments into developments particularly in Dubai and the GCC at large.”
Al Qatami added: “Given the resurgence that the real estate market is witnessing, Deyaar will continue to evaluate opportunities in new markets that have the potential to add value to our existing investment portfolio.”
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