The UAE-based real estate developer, Tiger Properties, has said in a statement that it plans to develop 18 new projects spread across Dubai and Sharjah starting 2018, with a total investment of $2.7 billion. The projects will be developed over the next two years.
The new investment plan includes the development of 18 new projects; 13 projects in Dubai, and five projects in Sharjah.
The first project this year, The Square, is set to be launched soon. The Square will be a $136.1 million residential project that will feature 400 housing units. According to a Gulf News report, this project will be the first of 12 projects set to be launched in 2018.
Tiger Properties stated that last year it had handed over 2000 housing units for sale and lease. The report also added that to follow suit, the real estate developer is planning to deliver more than 2000 new housing units in 2018.
In addition to that, the report added as well that Tiger Group will be expanding its portfolio in the near future and venture into the UAE’s education sector.