AGI & Palace Group Partner for Development on Dubai Water Canal ...United Arab Emirates

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AGI & Palace Group Partner for Development on Dubai Water Canal
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 134
Abu Ghazaleh Investments (AGI) and developer Palace Group have formed a joint venture partnership to acquire a site on the banks of the Dubai Water Canal. The location spans a plot area of 185,339sqft, with a maximum allowable GFA of approximately 705,000sqft. Advancing to shape the future of refined Dubai living, the inaugural partnership will build on Palace Group’s 25+ years of developing properties within the region’s communities with AGI. Positioned in Jumeirah area, on the south side of the Dubai Water Canal and adjacent to Sheikh Zayed Road, said a statement. Amir Abu Ghazaleh, Chairman and Founder of AGI commented, “Dubai continues to be one of the most resilient growth markets in th

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