Ger­many’s Meilen­stein an­nounces $327 mil­lion UAE con­struc­tion pipe­line

EME Outlook - - News -

Meilen­stein, a Ger­man real es­tate de­vel­oper, has an­nounced its foray in the UAE mar­ket with eight projects worth $327 mil­lion.

The projects are to be built in sev­eral lo­ca­tions across Dubai, in­clud­ing Mo­hammed Bin Rashid City (MBR City) within Mey­dan City, Al Fur­jan, Dubai Stu­dio City and Dubai Sports City.

Jawad Az­izi, Manag­ing Di­rec­tor of Meilen­stein De­vel­op­ments, said: “Meilen­stein De­vel­op­ments is en­ter­ing in the UAE mar­ket at a time when the real es­tate sec­tor achieved a high level of ma­tu­rity backed up with a reg­u­la­tory en­vi­ron­ment that pro­tects prop­erty buy­ers, in­vestors, de­vel­op­ers and bro­kers and with a high level of trans­parency and ac­count­abil­ity.”

Dur­ing the first nine months of 2018, Dubai re­ceived 27,174 in­vest­ments from 21,605 in­vestors, to­talling around $13 bil­lion.

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