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Deyaar board to evaluate projects

The company had earlier announced the launch of a…

June 29, 2009 12:04 by

Dubai- based developer Deyaar said that its board of directors will discuss the status of the company’s regional projects and international investments at a meeting on July 1, reports Zawya Dow Jones.

Deyaar’s CEO Marcus Giebel said in April that the company was launching a AED500 million ($137 million) real estate distressed assets fund with Rasmala Investments and Dubai Islamic Bank to “pick up distressed property from Deyaar projects.”

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