Deyaar buys land at Maritime City

May 22, 2014 1:21 am

Dubai’s second biggest DFM-listed real estate firm, Deyaar Development has signed an agreement deal with Dubai Maritime City to acquire 70,226.53 sq feet of land located at the Marina District within the zone, Gulf Today has reported. “The plot is well-positioned and will give us an opportunity to build a beachside project, which is new to our portfolio,” said Deyaar’sw CEO, Saeed Al Qatami. “We look forward to building a quality project that adds value to the Marina District, and the development as a whole,” he said. The Marina District has been conceptualised as a leisure and entertainment hub within the zone, featuring a wide selection of restaurants, a four-star hotel, waterfront retail outlets, and other community amenities.