SHUAA Capital has announced that its real estate asset management division will be managing the development of a 1.5 billion dirhams ($410 million) new mixed-use skyscraper on Sheikh Zayed Road, Dubai. The project, details of which will be unveiled at this week’s Cityscape Global Conference and Exhibition in Dubai, is intended to serve the ever-growing demand in the UAE’s residential, tourism and hospitality sectors, the firm said. SHUAA’s real estate specialized asset management division currently manages assets in excess of 3 billion dirhams spread across both the UAE and Saudi markets.
Fawad Tariq-Khan, general manager of SHUAA Capital, said: “SHUAA’s real estate business line has proven expertise and a strong track record in developing projects, managing funds, and forming business alliances, both in the UAE and Saudi markets. We intend to utilize this strength to the fullest as we continue to roll-out our expansion plans. This project is set to complement Sheikh Zayed Road’s picturesque skyline, and we look forward to the official unveiling at Cityscape.”
Established in 1979, SHUAA Capital is an integrated financial services firm headquartered in the UAE. The firm is regulated as a financial investment company by the UAE Central Bank.
Fawad Tariq-Khan, general manager of SHUAA Capital, said: “SHUAA’s real estate business line has proven expertise and a strong track record in developing projects, managing funds, and forming business alliances, both in the UAE and Saudi markets. We intend to utilize this strength to the fullest as we continue to roll-out our expansion plans. This project is set to complement Sheikh Zayed Road’s picturesque skyline, and we look forward to the official unveiling at Cityscape.”
Established in 1979, SHUAA Capital is an integrated financial services firm headquartered in the UAE. The firm is regulated as a financial investment company by the UAE Central Bank.
