The holding firm’s financial position is backed by its total assets of Dhs382.9bn as of September 30, driven by investments and asset transfers
The new management team has been brought on from Modon Properties as the group undergoes a restructuring since August last year
The proposed transaction would create one of the largest real estate, hospitality, events and catering platforms in the region
The project will develop a co-living, multi-purpose community able to house 5,000 residents