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.