Aldar to invest $545m in al-Ain

by Reuters Monday, 26 March 2007

Abu Dhabi-listed developer Aldar Properties said on Sunday it is developing a 2 billion dirham ($544.7 million) real estate project in the city of al-Ain.

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The project, called Noor al-Ain will include seven towers including six residential buildings with apartments that would be sold to UAE nationals.
It would also include a 300-room hotel, offices and other facilities, it said in a statement.

The project will open in phases from late 2009, it said.



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