Deyaar Enters Hospitality Sector With Dubai Project

Law360, New York (March 10, 2014, 3:09 PM EDT) -- Deyaar Development PJSC on Monday announced plans for a massive, two-tower project in Dubai's Business Bay district that will feature both residential and hotel units, marking the Dubai-based property developer's first foray into the hospitality sector.

The project, which is being called "The Atria," will consist of two towers — one featuring hotel apartments and one featuring residential apartments. Financial details were not immediately available on Monday, although Reuters reported that the project will cost about 900 million dirham ($245 million).

Saeed Al Qatami, CEO of...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.