By: Amr Adel
Dubai – Mubasher: The investment value of the company’s planned and executed projects reached AED 4 billion by the end of August, Omniyat Real Estate CEO, Mark Phoenix, said.
The company’s portfolio currently includes projects under construction at a value of AED 2 billion, which are expected to be delivered in the coming two years, added to AED 1 billion worth of projects under planning, he revealed on the sidelines of Cityscape Global 2016.
Phoenix stated that the portfolio also includes AED 1 billion delivered projects; besides, Omniyat is planning to launch a huge multi-utilities real estate project in 2017.
The company aims to enter Dubai’s hospitality sector through inaugurating the Opus tower.
Omniyat will also build 505 5-star hotel rooms and 495 deluxe service rooms in Dubai by 2020, Phoenix added.
Translated by: Sara Ghali
