Abu Dhabi-based Eshraq Investments sells Nuran Marina hotel for $36.2mln

Abu Dhabi-based Eshraq Investments sells Nuran Marina hotel for $36.2mln

Abu Dhabi-based Eshraq Investments sells Nuran Marina hotel for $36.2mlnWORLDMiddle EastAfricaIndian Sub-continentChina and Asia Pacific UK and EuropeAmericasRussiaECONOMYGlobalGCCAfricaLevantNorth AfricaISLAMIC ECONOMYIslamic FinanceIslamic BusinessIslamic Finance ReportsIslamic Finance GlossaryBUSINESSAviationBanking & InsuranceCareersEducationEnergyFintechHealthcareHospitalityManufacturingReal EstateRetail & ConsumerTechnology and TelecomTransport and LogisticsTravel and TourismSMEsFinance MarketingTechnologyLegalPeopleMARKETSCommoditiesCurrenciesEquitiesFixed IncomeWEALTHAlternative InvestmentsFundsWealth ManagementSustainabilityLEGALCrime and SecurityImmigrationPolicy RegulationsLIFECultureEntertainmentFoodHealthLeisure & TravelSportsOPINIONBusiness InsightsPROJECTSBRIConstructionIndustryMiningOil & GasUtilitiesSPECIAL COVERAGERamadan and Eid 2023COP 28: Talking Climate in UAEUAE Realty MarketThe Future of CryptosFocus: Global Wealth FundsRussia-Ukraine CrisisMULTIMEDIAGalleriesVideosPRESS RELEASE Companies NewsGovernment NewsPeople in the NewsResearch & StudiesEvents and ConferencesAfrica Press ReleasesAsia Press ReleasesHome page>BUSINESS>Hospitality>Abu Dhabi-based Eshraq I...PHOTOAbu Dhabi-based Eshraq Investments sold its Dubai Marina property Nuran Marina Hotel, for 133 million dirhams ($36.2 million)    The company said in a statement that the sale price marked a 45% increase over book value.   Eshraq had acquired the property from Dubai-based real estate company Emaar in 2012, according to reports.   Eshraq said in its second quarter profit statements last month that Nuran Marina had achieved 94% occupancy in the year to date.   (Writing by Brinda Darasha; editing by Seban Scaria)   [email protected]: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular