Dubai Holding construction projects contribute to strong H1 2019
UAE giant says projects such as Madinat Jumeirah Living, Dubai Wharf, and La Rosa drove its first-half growth
Dubai Holding has credited its construction projects across the city, including in Madinat Jumeirah, Jaddaf, and Dubailand, for its “robust” performance during the first half of 2019.
The group flagged up several projects for its succesful opening half of 2019, including the unveiling of the second and third phases of Madinat Jumeirah Living, a 35.7ha residential development.
The company said its subsidiaries, Dubai Asset Management and Dubai Properties, also contributed to its performance.
Dubai Asset Management expanded its footprint at Jaddaf Waterfront with the addition of the Dubai Wharf and Manazel Al Khor communities, while Dubai Properties released more than 500 units across two major projects in Dubai, including La Rosa at Villanova in Dubailand.
Commenting on the company’s performance in the first half of 2019, HE Abdulla Al Habbai, chairman of Dubai Holding, said: “Overall, we had a robust operational performance in the first half of 2019, marked by multiple successes and achievements which have enhanced Dubai Holding’s contributions towards shaping Dubai’s future.
“As a group, we have delivered a number of critical projects across a range of industries, while maintaining our focus on empowering our Emirati employees, with the appointment of three Emirati women from within the organisation to leadership roles across the group.”