UAE's Eshraq Properties said to invest $204m on new project

Projects in Dubai’s Jumeirah Village Circle, Reem Island and Sas Al Nakheel Abu Dhabi

Real estate developer Eshraq Properties has announced an AED750 million ($204 million) expansion with three new projects in Dubai and Abu Dhabi.

At a press conference at Emirates Palace on Tuesday, Jassim Mohamed Al Seddiqi, chairman of the Abu Dhabi Stock Exchange-listed Eshraq Properties, unveiled one of the projects – a residential, retail and leisure scheme comprising three plots of land at Dubai’s Jumeirah Village Circle (JVC).

The other two projects were the Marina Rise scheme on Reem Island, Abu Dhabi, and The Gateway mixed-use building, also in Abu Dhabi.

Marina Rise comprises the commercial and residential-led Marina Rise C1 and Marina Rise C3, as well as Marina Rise C2 with a luxury hotel and two restaurants.

The Gateway is located in Sas Al Nakheel, adjacent to Sheikh Zayed Bridge. The scheme will feature an upmarket shopping mall and seven-storey four-star beach hotel...Read more...