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Al Habtoor Group unveils AED 2 billion worth of projects in Dubai

by Joanna Andrews

© Al Habtoor Group: Khalaf Ahmad Al Habtoor and Mohammed Al Habtoor
Chairman, Khalaf Ahmad Al Habtoor, Vice-Chairman and CEO, Mohammed Al Habtoor, and Noura Badawi, Director of Media & Communications
Chairman greets guests
Press conference held on December 9, 2014
Frank Kane from The National
The Al Habtoor Group announces plans to build three unique projects on Tuesday, December 9, 2014
© Al Habtoor Group
Khalaf Al Habtoor addresses the media

The Al Habtoor Group has announced plans to build three unique projects in Dubai worth AED 2 billion, bringing the total amount of investment in the city in the past two years to around AED 15 billion. Joanna Andrews reports.

The UAE conglomerate unveiled the three large scale projects at a press conference on Tuesday December 9, 2014 at the Habtoor Grand Beach Resort & Spa, the Group’s 5-star luxury hotel in the Dubai Marina.

Khalaf Ahmad Al Habtoor, Founder and Chairman of the Group, said the hospitality an d residential projects will include the Al Habtoor Polo Resort & Club - a six million square foot development located in Dubailand, costing AED 993 million, he also unveiled a new Metropolitan Hotel on Sheikh Zayed Road and Oasis Villas - a residential development in a prime location - with a combined cost of AED 1.02 billion.

“I am delighted to be unveiling today the plans for these magnificent projects, which will be major new landmarks in Dubai and play a key part in delivering continued growth both for the UAE and for ourselves. As our company motto states, ‘we are growing with the UAE’, and its economic fundamentals support this vision. We have been in business close to 45 years and with projects such as these being added to our portfolio, there is no reason why the next 45 years should not see us enjoy even greater success,” Khalaf Al Habtoor said.

The announcement came as the Al Habtoor Group delivered a presentation demonstrating the significant commercial progress that has been made across all parts of the Group in the last 24 months.

Khalaf Al Habtoor added, “We are approaching our 45th year with great success. We look forward to creating new landmarks for the city of Dubai. The new projects are in addition to our multi-use development, Al Habtoor City on Sheikh Zayed Road. We aim to open our three hotels there in 2015. These are exciting times for the Al Habtoor Group, we are gaining market share across all our businesses and successfully implementing our strategy of collaborating with other world-class brands.”

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