Dubai Investments is targeting robust growth in the real estate and property sector with three major projects in UAE besides mixed-use business park projects in Saudi Arabia and Africa.

A leading diversified investment company, Dubai Investments has a number of new projects in the planning and execution stages across the UAE and other parts of the world.

These include the Dh3 billion ($816 million) Mirdif Hills project in Dubai to be developed by Dubai Investments Real Estate Company (DIRC); Green Community West Phase Three  in Dubai Investments Park by Properties Investment; the Dh400-million ($109 million) Fujairah Business Centre by Al Taif Investment; the mixed-use Riyadh Investments Park in Saudi Arabia and a range of residential projects in the UAE by DIRC.

Dubai Investments pointed out that its subsidiaries in real estate and property management sector constitute 62 per cent of its total asset mix, worth Dh9.7 billion ($2.64 billion).

The company’s new real estate projects are consistent with its strategy to build on its leadership in the sector and spread its domain expertise in new geographies, said a statement from the company.

As part of this, Dubai Investments is also targeting mega, mixed-use industrial and business parks in Africa, which reinforces its commitment to the sector and the growth potential on offer in strategic markets, it stated.

Khalid Bin Kalban, the managing director and CEO, said: "Dubai Investments has carved a niche as one of the major players in the real estate and property management sector across the UAE. It has also expanded into other countries, by utilising the company's expertise in developing and managing integrated mega projects and leveraging its core competencies."

"A number of proposals are also under negotiations to replicate Dubai Investments’ success and business models in different markets," he stated.

Kalban pointed out that Dubai Investments had identified some growth markets which provide the stimulus to invest, particularly in the real estate sector, and generate high returns.

Africa is very much part of this geographical scope, he noted.

"Dubai Investments will also continue its strong thrust in developing its real estate portfolio and allied businesses in the UAE over the next two to three years to take advantage of renewed market interest and surging investor confidence, particularly in the wake of massive infrastructure projects to be announced for Expo 2020," he added.-TradeArabia News Service