Dubai development set for march handover

Dubai development Fairview Residency in Business Bay is ready for a March 2014 handover, Deyaar has announced.

The company was badly affected by the financial collapse in the UAE in 2009 to 2010 and has reached 80 per cent completion on the Fairview project, which contains 172 residential units.

In the last year, Dubai's emirate market has enjoyed a big turnaround, with confidence, activity and prices all on the up. Indeed, Deyaar reported a large jump in net profit in October 2013 from AED5.1M in 2012 to AED40.5m.

Saeed Al Qatami, CEO, Deyaar Development, told Arabian Business: "We are excited to bring Fairview Residency to investors and the public. The Deyaar team has taken meticulous care to follow a sustainable infrastructure plan on this project that has a premium location and integrates all the ingredients of urban upscale living."