UAE realty firm is disbanded, as staff move to Tanmiyat.
Great Properties, a UAE-based real estate brokerage company, has been disbanded and its employees have been moved to the operations arm of Tanmiyat, according to an official spokesperson of Tanmiyat.
"Great Properties in the UAE was initially set up to support the sale of Tanmiyat projects. As Tanmiyat has no projects currently for sale, Great Properties has been disbanded and the staff of the company have been moved to the operations arm of Tanmiyat," the firm said in an e-mailed statement to Emirates Business.
The spokesperson said that Great Properties remains active in Saudi Arabia with Mohammed Zarah heading the operation.
When contacted, a Land Department official said: "Great Properties has a licence which runs through until September of this year. No application has been made to cancel this licence."
By Anjana Kumar
© Emirates Business 24/7 2010
