Dubai based developer, Deyaar Development has announced its plans to build five hospitality projects in the emirate by 2018.
“We have already signed three hospitality projects, and two more are intended to be agreed by 2016,” said Iyad Charchar, vice president for project and engineering at Deyaar.
“By the end of 2018, we aim to have five hospitality projects in operation in the emirate.”
Last month, the company reported a net profit of AED 291.4 million ($79m).
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