U.A.E.’s Deyaar sells its 5.98-acre plot in Texas, U.S.

DUBAI: Deyaar Development PJSC, a U.A.E. developer and property management company, on Wednesday announced the sale of its 5.98 acre plot of land in Houston, Texas, U.S.A.

The Dubai-based developer said it aims to reinvest the funds into expanding its project portfolio in Dubai.

“The sale is in line with our overall strategy to direct our investments into developments particularly in Dubai and the GCC at large. Given the resurgence that the real estate market is witnessing, Deyaar will continue to evaluate opportunities in new markets that have the potential to add value to our existing investment portfolio,” said Saeed Al Qatami, Deyaar’s Chief Executive Officer.

Deyaar affirmed that it is well-positioned to play a pivotal role in the development of the region’s property landscape. The developer says its portfolio of property offerings and services has firmly consolidated its pioneering status in the industry.