The latest evidence that Dubai is proving increasingly attractive to regional and international investment comes from Kuwait-based Arab Real Estate.
It has prime plots of land at Dubai Holding's Business Bay at an investment that has so far crossed Dh100 million.
Arab Real Estate Company's chairman and managing director Emad Bukhamseen said: "Anybody who follows the path that Dubai and the UAE has followed will undoubtedly realise the extraordinary economic achievements, reflected in the vast number of successful and proposed real estate projects that exist today.
"The launch Arab Real Estate's investment outside Kuwait is not the first and will definitely not be the last," he added
The Arab Real Estate Company was established in 1976 and has a capital base of 38.53 million Kuwaiti dinars. It is active in real estate, construction and contracting, retail, finance, hotels and resorts, stocks, and other related activities.
Dubai Properties is a member of Dubai Holding and operates with the express aim of conceiving niche development projects and transforming that vision into reality.
Gulf News
