Dubai: Yoharah LLC to bring new concept to residential resorts

Published November 22nd, 2004 - 02:00 GMT
Al Bawaba
Al Bawaba

Established in Dubai, Yoharah LLC, whose name means 'Jewel' in Arabic, is bringing to life a spectacularly new concept in residential resorts. 

 

It is the company’s first project in real estate and is the single largest residential resort in the world. 

 

Operating out of offices in the Shangri-La, the company will target the Middle East and global markets in various sectors. 

 

Yoharah chose Dubai, United Arab Emirates for its corporate offices because the Emirate is an international communication hub. It also has the necessary infrastructure and policies to support commercial business. 

 

The designs of The Jewel will be on view at the Cityscape architectural, investment and property development exhibition in Dubai from November 29. 

 

Financed by international banks and private investors, the resort will be developed by professionals from around the world, who possess the needed experience and the determination to make this project a success. 

 

“The Jewel will undoubtedly be a tourism magnet wherever it is located,” said Marketing Director Barbara Thompson. “This project is of such monumental significance that it is sure to create a universal gasp.”  

 

It should be noted that a new law in Dubai announced in 2002 that non-GCC ownership of property would be permitted for selected projects, contributed to the unprecedented real-estate spurt in the emirate. (menareport.com)