Deyaar sells Texas land to reinvest in Dubai

Deyaar Development PJSC (Deyaar), a Dubai-listed master developer, today informed the Dubai Financial Market about the sale of its 5.98 acre land in Houston, Texas.

In a statement, the developer said it aims to reinvest the funds into expanding its project portfolio in Dubai.

“The sale is in line with our overall strategy to direct our investments into developments particularly in Dubai and the GCC at large,” Saeed Al Qatami, Chief Executive Officer, Deyaar Development, said in the statement.

“Given the resurgence that the real estate market is witnessing, Deyaar will continue to evaluate opportunities in new markets that have the potential to add value to our existing investment portfolio,” he said.

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