Dubai Property Developer Seeks Investment
GPD Investments LLC, a Dubai property development and Investment company, is currently seeking to raise $350 million in equity through investment. GPD will use the capital to acquire and develop properties in Dubai, looking to make further land acquisitions and to build office investment property and retail premesis.
The firm is planning more than $1 billion of transactions and will be seeking a minimum investment of $200 million, The capital being deployed over the next three years and will initially be directed towards a project currently in its pre-development phase.
GPD currently has a portfolio valued at over $600 million across 15 developments and seeks opportunities to acquire prime development sites in off-market transactions. GDP is an approved developer by the Dubai Real Estate Regulatory Agency.
June 2nd, 2008 - Posted in Dubai Property News, dubai property | | 1 Comments
Dubai - The World’s Tallest Building! The World’s Largest Shopping Mall?
After the recent world first, on May 12th 2008, when the Burj Dubai was officially recognized as the tallest building in the world comes the news that by August 2008 Dubai should also be recognised as having the the world’s largest shopping mall - the Dubai Mall
Set to be one of the UAE’s flagship shopping mall developments, Dubai Mall will be located in Dubai City’s most prestigious urban development to date, Downtown Burj Dubai - home of tallest building in the world.
Dubai Mall will add to the UAE’s impressive portfolio of fantastic shopping experiences and will include more than 1,000 retail stores, an ice rink, multiplex cienema, the world’s largest aquarium, and the world’s biggest gold souk.
The retail sector is the fastest growing industry in the Middle East with forecasts projecting the industry to exceed £250 billion by the year 2010. With Dubai accounting for more than 50 per cent of the UAE’s shopping footfall, good times are definately ahead for shoppers and retailers in Dubai.
May 27th, 2008 - Posted in Dubai Property News, dubai property | | 0 Comments
Dubai property market still forecast to grow
The Dubai property market still has significant growth according to a recent article by Gulf Weekly. The report goes onto to say it expects growth to continue for years if not decades.
Described as a ‘city for the future’, due to the thriving business community, particularly with expats from Britain and Europe - the thriving tourism industry is seen as a major catalyst to the ongoing success of Dubai and its property market.
A quote from the Gulf Weekly article went on to say - “One of the incredible things about Dubai is that the growth to date has been based on promises alone.
“Now we are starting to actually see delivery.”
May 19th, 2008 - Posted in Dubai Property News, Forecasts | | 0 Comments
