Dubai –Mubasher: Dubai Investments posted around a 10% profit growth year-on-year to reach AED 1.22 billion in 2016, according to Al Khaleej.
The property developer is expected to distribute 13% dividends for 2016, according to the company's managing director and CEO Khalid Bin Kalban.
The company reached an agreement with two local banks to get a loan facility worth AED 1.1 billion to fund construction works of Mirdif Hills, Bin Kalban added.
International Construction Contracting Co. won the project, which is scheduled to be completed by the end of 2018.
