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Emaar CEO Fahd Al Rasheed scotched talks of a delay in its flagship project.
“We are planning to deliver the industrial land to investors in February next year and to hand over the residential units to the owners in March,” Al Rasheed said in a statement.
Al Rasheed said that aside from the residential and industrial estate, Emaar will also open the first school in the
“There has been huge investor demand for the residential units and we have already sold 1,000 units. This underlines the economic stability of the project and requires that we adhere to our original schedule.”
The
The 38,000 square metre industrial estate that will be turned over to investors in February, is part of the projected 6.8 million square metre first phase of the city’s industrial zone. The entire industrial estate once completed, will cover 64 million square metres.
rocel@khaleejtimes.com
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