Dubai Investments real estate projects generate investor interest

Mirdif Hills project rendering
Updated 15 September 2017

Dubai Investments real estate projects generate investor interest

Dubai Investments PJSC, a leading diversified investment company listed on the Dubai Financial Market, has announced that its real estate projects worth over 4.5 billion dirhams ($1.2 billion) across the UAE are generating investor interest, amidst optimistic trends in the real estate sector in the country.
Dubai Investments is currently developing the Mirdif Hills project in Mirdif through Dubai Investments Real Estate Company; Green Community DIP — West Phase 3 in Dubai Investments Park through its subsidiary Properties Investment; and Fujairah Business Center in Fujairah through Al-Taif Investment, besides a number of other residential projects.
Dubai Investments currently has one of the largest land banks in the UAE, and plans to develop projects with over 20 million square feet gross floor area (GFA) in the next two years. The land banks, owned by DI subsidiaries — DIP, DIRC and Properties Investment, includes nearly 15 million square feet GFA within DIP and at strategic locations across the UAE.
Projects, which are either in planning or finalization stage, include a tower on Sheikh Zayed Road, residential buildings in Al-Nahda, Al-Barsha, Jumeirah Village Circle, Meydan and Abu Dhabi and a hotel in Bur Dubai, among others. Other projects include expansion of The Market shopping arcade in Green Community — DIP and two residential buildings in DIP.
The current projects will boost Dubai Investments’ market presence in the real estate sector, the company said. Its assets in the sector constitute over 65 percent of its total asset mix and is worth 10.82 billion dirhams, as of June 30.
Khalid bin Kalban, managing director and CEO of Dubai Investments, said: “The UAE real estate market is characterised by strong fundamentals and the government’s strategy further accentuates its reputation as the preferred investment destination in the Middle East with ample opportunities to drive added value. The real estate projects by Dubai Investments are aimed at not only rejuvenating the sector but also boosting the strong growth potential on offer.”
He added: “As a company, Dubai Investments continues its strong thrust in developing its real estate portfolio in the UAE over the next two to three years to take advantage of renewed market interest and investor confidence, particularly in the wake of the infrastructure projects to be announced for Expo 2020.”


ALJ Motors unveils Toyota Granvia in Saudi Arabia

Updated 13 October 2019

ALJ Motors unveils Toyota Granvia in Saudi Arabia

Abdul Latif Jameel Motors, the authorized distributor of Toyota vehicles in Saudi Arabia, has unveiled the new Toyota Granvia in the Saudi market.

Designed to provide an exceptional transportation space that addresses the growing demand for high-end shuttles, the new vehicle’s design, interior, engine, and safety features enable the riders to travel with total peace of mind.

“We are very excited to unveil the new Granvia, a true premium transport solution that meets the evolving needs of those desiring a spacious cabin, unrivaled comfort, and superior refinement. By providing ample personal space, we have ensured that each passenger will enjoy a smooth, comfortable ride and arrive at their destination feeling relaxed and refreshed,” said Mazin Jameel, executive director, marketing, Abdul Latif Jameel Motors.

“At Abdul Latif Jameel Motors, we believe that travel should always be an enjoyable experience, and it was our goal to launch an exceptional Toyota vehicle that enhances people’s journeys by creating memorable moments to cherish. I would like to extend my gratitude to all of our guests for their continuous support, which is an endless source of inspiration in our drive to introduce ‘ever-better’ cars,” Jameel added.

The new Granvia takes the concept of a luxury shuttle to the next level with premium seating for up to six people, including a standard feature of four leather ottomans with footrests — a class first. Its expansive cabin delivers a level of comfort and refinement passengers would normally associate with a high-end limousine, complete with independent rear climate control, adjustable interior illumination, and luxurious woodgrain and metallic finishing, among many other features.

The relationship between Toyota and Abdul Latif Jameel Motors was established more than half-century ago, and has grown to become one of the most remarkable automotive forces in the Kingdom.

Abdul Latif Jameel Motors is also one of the largest independent certified Toyota distributors in the world. Under its principle of putting the guest first and its commitment to achieving excellence in all it has to offer, Abdul Latif Jameel Motors supports the widespread use of Toyota vehicles in the Saudi market through an extensive network of sales and maintenance centers strategically located around the Kingdom, providing peace of mind for their guests, wherever they may be.