Issue No 300 - 24 Feb 2009
Deyaar to hand over 7 projects this year

Deyaar Development, one of the region's leading developers, plans to hand over seven projects in 2009, including premier developments in Dubai's master planned communities.

The handover will include over 1,300 units from across its diverse project portfolio, it said.

The projects scheduled for delivery in 2009 include The Citadel, a state-of-the-art commercial tower, and Hamilton Residency, a contemporary residential tower. Both projects are located at Business Bay, strategically positioned in close proximity to most major destinations in the emirate. Madison Residency, a premium 27-storey residential project located at Tecom, is also scheduled for delivery in 2009.

The other residential projects to be handed over this year include the Coral Residence, Jade Residence, Sapphire Residence, and Ruby Residence, all located at Dubai Silicon Oasis, a commercial and residential master development conveniently located in New Dubai and marked by superior infrastructure quality.

Highlighting the company's continued commitment to its customers and investors amidst challenges facing the real estate sector, Markus Giebel, chief executive of Deyaar, said: "Today, more than ever, Deyaar is focused on meeting its commitment to its customers and adapting to their evolving needs. This is demonstrated in our 2009 operational strategy, which was recently unveiled. Deyaar remains exceptionally well positioned to build on its current growth momentum and effectively use its balance sheet strength to help clients overcome short-term market constraints.

"Through the scheduled delivery of these projects, we make clear once again our commitment to meeting the needs of our clients through a comprehensive customer support strategy, which also includes an enhanced payment support program and individual assistance for bank financing."

Source: Trade Arabia News

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