Aber Group’s investments in real estate touch AED 1.5 billion
Aber Group, the prime real estate developer in the UAE and Middle East today said that its current investments in the sector have touched AED 1.5 billion.
The investment portfolio comprises free hold, villas, hotels, commercial tower, warehouses and various labor camps projects spread across Dubai and Abu Dhabi and the Northern Emirates. Aber Group said that the construction work for two hotels, warehouses and labor camp is complete.
Aber Khalfan Al Hameli, Chairman of Aber Group said: “We are glad to see the construction work for most of our projects getting completed with minor delays occurring due to business hiccups beyond anybody’s control. As a four year young company we have accomplished our set goals and we are now aiming for the next level of growth. With the new projects coming on stream, we believe we will have delivered significant value to our investors and other stakeholders.”
Samir Patni, General Manager, Aber Group said: “Our two hotel projects will be opened for guests through early next year. We have already signed a hotel operating management contract with Millennium Hotels & Resorts Middle East (MHR). MHR will manage Aber Group's newly-built Mazoon House Hotel in Dubai by the end of this year.”
The hotel operating management contract was signed by Ali Hamad Lakhraim, president and CEO of Millennium & Copthorne Hotels and Resorts Middle East and Aber Khalfan Al Hameli. The signing ceremony took place in the presence of Kwek Leng Beng, Chairman of Millennium & Copthorne Hotels.
With a mission to deliver world-class projects and developments, Aber Group develops projects that range from luxury residential apartments to furnished hotel apartments, from showrooms to commercial warehouse and from villas to labor accommodations.
© 2008 Al Bawaba (www.albawaba.com)
- Al Osaimi Investments & Real Estate launches AED 1.5 billion 'Dusit Emirates Saray -Palm Jumeirah Hotel Resorts & Residences'
- Khuyool Investments invests AED 8 billion in real estate projects in Dubai
- Aber Group plans to expand
- Abu Dhabi infrastructure and real estate investments to reach AED 200 billion by 2012