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MAF buys 1m square feet land in Dubai  Join our daily free Newsletter

MENAFN - 29/01/2014

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(MENAFN) Majid Al Futtaim (MAF) has bought a piece of land from a unit of Dubai Holding, Arabian Business reported.

A spokesman at MAF Properties said: "Majid Al Futtaim intends to use the land to develop a community shopping mall as part of the company's AED3 billion (USD816 million) investment plan for Dubai."

TECOM Investments sold 1 million square feet of land at its International Media Production Zone (IMPZ), a development that spreads across 43 million square feet.

 






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