Al Habtoor reveals 3 real estate projects worth 9.5 billion dirhams in Dubai

Dubai: «Gulf»
Al Habtoor group has revealed its plans to construct three huge real estate projects, in different areas of Dubai, during the coming year 2023, at a total cost of 9.5 billion dirhams.
Khalaf Ahmad Al Habtoor, Founder and Chairman of Al Habtoor Group, announced that the new projects include residential towers, one of which will be the largest of its kind in the world, in terms of size and number of apartments, emphasizing that the strong recovery of the Dubai economy during the year 2022 and the return of the growth rates to their high E levels, in a way that surpasses the years before the “Covid-19” crisis, have been encouraging factors to enter the real estate business of new, and make the decision to double the investments in new qualitative projects.
In detail, Al Habtoor said, “The first project is in the Al Habtoor City complex, and includes residential towers, one of which will be the largest in the world. The complex is a vital center for housing, hospitality and entertainment, and its construction cost is 4.5 million dirhams.” He added, “The project is a horizontal complex that caters to diverse housing needs and includes more than 20 facilities, including a spacious rooftop swimming pool overlooking the magnificent Dubai skyline.”
He explained that “the second real estate project involves the construction of a separate residential complex in the Habtoor Grand Resort in the Jumeirah Beach Residence area, at a cost of 2.5 billion dirhams”. Emphasizing that it includes outstanding facilities, breathtaking views of the coast of the Emirate of Dubai and notable landmarks of the city.
Regarding the third project, the founder and chairman of the Al Habtoor group said, “It includes the redevelopment of the Al Habtoor Tower in the Marina, costing AED 2.5 billion,” noting that “the current Al Habtoor Tower it will be replaced by a larger, more luxurious residential tower in the heart of Dubai Marina, with unrivaled views over the Marina.
Khalaf Al Habtoor confirmed, “The expanded portfolio of new projects will be implemented with internal financing. Emphasizing that the group regards these expansion projects as a necessity that reflects the clarity of the development and development path pursued by the country’s leadership and the vision it pursues, leading to the growth of the UAE economy at a pace unprecedented in any other country. Emphasizing that the UAE in general, and Dubai in particular, is a safe haven for various nationalities, and is becoming safer thanks to continuous development steps that make it the best place for investment and attractive returns.