Thursday 31 July 2014

Deyaar sells Texas land to invest in UAE project

Dubai, June 29, 2014

Dubai-based Deyaar Development said it has sold off its 5.98 acre land in Texas, US, to reinvest the funds into its UAe projects, said a report.

In a statement to the Dubai Financial Market, Deyaar said the funds from the US land sale have been injected into expanding its project portfolio in Dubai, reported the Emirates 24/7.

The sale is in line with Deyaar's overall strategy to direct its investments into developments particularly in Dubai and the GCC at large, it added.

Tags: UAE | investment | Deyaar | Texas | land |

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