Dubai realty gets new boost with the launch of Dhs70 million project – Gulf Today

Dubai realty gets new boost with the launch of Dhs70 million project – Gulf Today

Picture used for illustrative purpose only.

Sajjad Ahmad,

Deputy Business Editor

Dubai’s property market has witnessed a strong growth in the last three quarters of 2022. New developers are entering the emirate’s real estate sector, which will accelerate the growth of the sector in coming months. Abou Eid Real Estate Development, the leading private developer headquartered in Dubai, launched their Dhs70 million first residential project, Celia Residence, in Dubai Studio City, in cooperation with Emtelak Real Estate, the integrated real estate services provider in the United Arab Emirates.

The launch came during a ceremony held at the “Habtoor Palace Dubai” last Thursday, attended by a large number of the company’s management team, their main partners, investors and customers looking forward to purchasing units in the company’s first real estate project.Hussein Abou Eid, Chairman of Abou Eid Real Estate Development said during the launching ceremony, “The launch of