SHUAA Capital To Manage The Development of AED1.5 billion Tower on Dubai’s Sheikh Zayed Road

SHUAA Capital today announced that its real estate asset management division will be managing the development of a new mixed-use skyscraper on Sheikh Zayed Road, Dubai. The project, details of which will be unveiled at next week’s Cityscape Global Conference and Exhibition in Dubai, is intended to serve the ever-growing demand in the UAE’s residential, tourism and hospitality sectors. SHUAA’s real estate specialized asset management division currently manages assets in excess of AED 3 billion spread across both the UAE and Saudi markets.

Talking briefly on the occasion, Fawad Tariq-Khan, General Manager of SHUAA Capital said, “SHUAA’s real estate business line has proven expertise and a strong track record in developing projects, managing funds, and forming business alliances, both in the UAE and Saudi markets. We intend to utilise this strength to the fullest as we continue to roll-out our expansion plans. This project is set to complement Sheikh Zayed Road’s picturesque skyline, and we look forward to the official unveiling at Cityscape.”