Wednesday, Jun 25, 2014
Abu Dhabi
Abu Dhabi-based real estate developer Tamouh Investments, which is responsible for developing 60 per cent of the Reem Island’s master plan, signed a working capital facility with Mashreq Bank. The funding aims to ensure sufficient cash flow for Tamouh’s working capital requirements.
Tamouh is the master developer responsible for developing a ‘city within a city’ over an area of 3.3 million square meters on Reem Island. Tamouh’s current offerings within the Island include Marina Square, which was completed in 2011, Paragon Bay and City of Lights, currently under construction. Marina Square, Tamouh’s first project on Reem Island, is home to more than 8,500 residents. The community offers 3,440 residential units comprising studios, one- to four-bedroom apartments and luxury villas, all smart-home enabled.
Staff Report
Gulf News 2014. All rights reserved.
