Three take Barari stake

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.
By Administrator
Sat 18 Aug 2007 12:00 AM

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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Last Updated: Thu 26 Jan 2017 01:27 PM GST

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