25 January 2009
Zabeel Investments has said its properties will be delivered on time and it will continue its investment strategy, despite the impacts of the global crisis.
Zabeel Properties, the real estate arm of the firm, is due to deliver the Tiara Residences and the Ottoman Palace, both on the Palm Jumeirah, later this year.
"The focus for both developments is to deliver on time," the company said.
The firm also said its investment arm, Zabeel Capital, would continue to look for opportunities, although it has no immediate plans to add to its portfolio.
"From a UAE perspective, we are moving ahead as planned; however outside our borders we are taking our time to consider the opportunities available," HE Mohammed Ali Al Hashimi, CEO of Zabeel Investments, said.
Zabeel Investments has said its properties will be delivered on time and it will continue its investment strategy, despite the impacts of the global crisis.
Zabeel Properties, the real estate arm of the firm, is due to deliver the Tiara Residences and the Ottoman Palace, both on the Palm Jumeirah, later this year.
"The focus for both developments is to deliver on time," the company said.
The firm also said its investment arm, Zabeel Capital, would continue to look for opportunities, although it has no immediate plans to add to its portfolio.
"From a UAE perspective, we are moving ahead as planned; however outside our borders we are taking our time to consider the opportunities available," HE Mohammed Ali Al Hashimi, CEO of Zabeel Investments, said.
© 7Days 2009
