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Article: Sobha Group plans $2-bn portfolio in Dubai
- Article from:
- The Hindustan Times
- Article date:
- September 17, 2008
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Report from Indo-Asian News Service brought to you by HT Syndication.
Dubai, Sept. 17 -- Leading Indian property developer Sobha Group is planning to announce a local portfolio in Dubai of 7.5 billion dirhams ($2.04 billion) by the end of this year.
The group, in a statement here, said the 7.5 billion-dirham portfolio would include a range of residential and commercial properties in premium locations in this West Asian metropolis.
The group also announced that it would soon launch a new commercial property in Dubai that will, among others, offer 110 office spaces.
Sobha Group's fourth commercial project here will come up at the new Downtown Jebel Ali development being planned by Dubai-based ...