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Wednesday, 03 December 2008 04:05 UAE time

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Three take Barari stake

by ArabianBusiness.com staff writer  on Saturday, 18 August 2007

Al Barari has finalised a deal that will see Abu Dhabi Commercial Bank (ADCB), Burooj Properties and Oman Emirates Investment Holding Co SAOG (O&E) each taking a minority stake in its flagship project, the US $1.8 billion (AED6.6 billion) Al Barari residential development at Nad Al Sheba in Dubai.

A total of 330, five- to seven-bedroom villas will be built in the first phase, which is due for completion in December. The second phase will include a hotel.

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READER COMMENTS

  1. Dubai Lagoon chiefs vow: 'No more delays' 2
    02 Dec ' 08 at 14:57
    If any developer says they are not affected in this turmoil, it is a mere PR stunt, plain and simple!  More »
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