Developer to Reinvest Funds into Expanding Dubai Project Pipeline
Deyaar Development PJSC (Deyaar), a customer-focused, trusted and valued developer with in-depth market intelligence and property management expertise, today announced the sale of its 5.98 acre land in Houston, Texas.
The Dubai-based developer aims to reinvest the funds into expanding its project portfolio in Dubai.
Saeed Al Qatami, Chief Executive Officer, Deyaar Development PJSC, said: “The sale is in line with our overall strategy to direct our investments into developments particularly in Dubai and the GCC at large. Given the resurgence that the real estate market is witnessing, Deyaar will continue to evaluate opportunities in new markets that have the potential to add value to our existing investment portfolio.”
Deyaar is well-positioned to play a pivotal role in the development of the region’s property landscape. The developer’s unrivalled portfolio of property offerings and services has firmly consolidated the company’s pioneering status in the industry.