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Tamweel, Bonyan land deal
- United Arab Emirates: Saturday, November 24 - 2007 at 15:34
Mortgage firm Tamweel has formed a coalition with Bonyan International, a real estate developer, for the purchase of $525m worth of land in the Al Jadaf area of Dubai. The acquisition of 135 plots is the largest in the history of the Dubai Land Department and the deal was also signed by Sama Dubai, a Dubai Holding subsidiary. Al Jadaf is located near to the city's Business Bay and Garhoud bridges.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, November 24 - 2007 at 15:34 UAE local time (GMT+4)
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