Dubai: Property developer Sweet Homes has announced plans to invest Dh2 billion in high-profile residential, commercial and mixed-use developments in 2008.
As part of the developer's expansion in the Dh2.4 trillion Middle East real estate market, it has also announced plans to launch new developments in the other emirates of the UAE, in Qatar, Oman, Saudi Arabia and in other parts of GCC.
The move follows the recent launch of the Dh2.5 billion Ajman Uptown project, the first freehold villa and townhouse community in Ajman.
With a current project portfolio valued at Dh3.5 billion, including its two primary projects in Ajman - Rainbow Towers and Ajman Uptown, Sweet Homes has identified the emirates of Dubai and Abu Dhabi as key markets to penetrate within the first phase of its regional expansion plans.
Following the first phase of investment, Sweet Homes will be embarking on a region-wide expansion plan.
"The Middle East presents an array of opportunities in the real estate market, which has attracted an influx of local, regional, and international developers all vying to establish their mark in the market," said Fahad Sattar Dero, CEO of Sweet Homes Group.
"With our success in the property development arena in the UAE reaching new heights, the next step for us is to seek more prospects in the regional market by launching unique projects through highly localised marketing plans," he said.
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source: zawya.com
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