Saturday, 20 January 2018 11:04 GMT

Dubai-based Deyaar plans USD245m residential, hotel project

(MENAFN) UAE-based Deyaar Development announced its plan to build a residential and hotel project in Dubai, Arabian Business reported

The project, at a total cost of USD245 million, will consist of one residential tower and one tower of serviced apartments

Construction is to commence soon and completion is set for late 2016 or early 2017

Deyaar's chief executive said regarding funding: "Deyaar has the sources (of funding) so far and we do have strong banking support.

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