Construction

Pacific Ventures to build two real estate developments in Dubai

Developments slated for completion within 18 to 24 months, Indian developer says

India’s Pacific Ventures has announced the launch of two new projects in Dubai, as the emirate’s real estate sector shows stronger signs of recovery.

Located at Jumeirah Village, the two developments are slated for completion within 18-24 months, the developer said without providing further details on the projects.

“By 2014, we would have completed our first set of developments here in Dubai, and it will be first of many projects we envision for this market and the rest of the MENA region,” said Parvez Khan, founder of Pacific ventures.

“We are extremely optimistic about the real estate market in Dubai as it is an economy which cannot be allowed to fall down completely,” Khan added.

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