New Dubai real estate developer Nobles Properties said on Tuesday it was planning a Dh7 billion ($1.91 billion) project in Dubai and would develop projects across the Middle East and North Africa.

Speaking in an interview with Reuters, the firm's chairman Omar Ayesh said the company had approval for schemes in Jordan, Libya, Syria and Yemen.

"Libya and Yemen are the most attractive markets today they are emerging markets with new rules and regulations, which are encouraging investors," Ayesh said, declining to give more details on the projects.

Nobles Properties, a unit of Nobles Investments, will launch officially in November, he said.

Ayesh said the firm would launch three real estate projects in Libya, one in Jordan, two in Syria, two in Yemen and one more in Dubai between November this year and the end of 2009.-Reuters