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Italian property developer buys Dubai Star at JLT

June 17, 2014 1:28 pm

Italian property developer Ernesto Preatoni, who is best known for developing the Sharm El-Sheikh resort in Egypt, has made his first move into Dubai’s property market after buying the 191m-tall Dubai Star Tower within the Jumeirah Lakes Towers development, Construction Week Online has reported. Preatoni has bought 100% of the company developing the 48-storey tower, which had reached its 44th storey at the start of April.