Fujairah project announced
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Fujairah project announced

Fujairah project announced

A Dhs1.2bn ($326m) mixed-use beachfront development has been launched by Escan Investment and Real Estate Development in the city of Fujairah, Gulf News has reported. Al Fanar Towers comprises three towers; one commercial, one residential and another 20-storey building which will have its use determined at a later stage, the developer said. GCC residents and investors with a 49% stake in a company are eligible to buy freehold properties in the project, while the units are available on a long-term leasehold basis to other expatriates. The project is scheduled for delivery in 2013.

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