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Deyaar sells 5.98 acre land in Houston, Texas

Developer to reinvest funds expanding Dubai portfolio

Saeed Al Qatami, chief executive officer, Deyaar Development PJSC.
Saeed Al Qatami, chief executive officer, Deyaar Development PJSC.

Deyaar Development PJSC has announced the sale of its 5.98 acre land in Houston, Texas.

The Dubai-based developer aims to reinvest the funds into expanding its project portfolio in Dubai.

Saeed Al Qatami, chief executive officer, Deyaar Development PJSC, said: "The sale is in line with our overall strategy to direct our investments into developments particularly in Dubai and the GCC at large.

"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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Construction Week - Issue 754
Nov 23, 2019