Dubai Properties Group to use cash reserves on new developments | The National

Dubai Properties Group to use cash reserves on new developments | The National:

"Dubai Properties Group says it will use its cash reserves to fully fund its plans to develop three hotels, more than 1,500 homes, a souq and a 60-berth marina.

The government-owned developer exhibited plans of seven new projects at the Cityscape exhibition in Dubai yesterday as it geared up for another phase of expansion.

Dubai Properties Group, which was hit hard by the global financial crisis like most developers in Dubai, announced a new 160-room, 25-storey hotel at Jumeirah Beach Residence on the second day of the three-day exhibition"

'via Blog this'