UAE-based Tiger Properties has announced plans to develop 18 new real estate projects in Dubai and the neighbouring emirate Sharjah, over the next two years, at a total investment of Dh10 billion ($2.7 billion).
The group will be launching the Dh500-million The Square project, a residential development comprising 400 units, reported Gulf News.
It will be the first of 12 projects to be launched this year. The company aims to deliver more than 2,000 new housing units this year.
Tiger Properties had last year handed over 2,000 units for both sale and lease. Its investment plan includes the development of 13 projects in Dubai and five projects in Sharjah, stated the report.
Apart from the hospitality sector, the Tiger Group has set its sight on the education sector in the UAE, it added.