Saturday, 3 May 2008

Tarek Kandil Interviewed by PROPERTY WORLD ME - June 2008 - (English)

Tarek Kandil Interviewed by PROPERTY WORLD ME - June 2008 - (English)

Tarek Kandil Interviewed by PROPERTY WORLD ME - June 2008 - (English)

Defining moment


During the right thing the right way is their motto, and the newly launched Dfine Properties is confident it will be the key to their success.
Initiated with a paid up capital of AED 500 million, the company's assets are now valued at AED 1.7 billion, which include 13 plots in Dubai - 12 on the Waterfront and one in Business Bay.
At the launch at the the Burj Al Arab, President and CEO Tarek Kandil said that the company's first project, Niki Lauda, is already under construction -- and as been sold off plan.
"We sold our Niki Lauda twin towers During Our setup phase and started enabling and foundation works during the same month. Our planned completion date is during the third quarter of 2010 and we are well on schedule." he said.
Define's shareholder are four UAE-based individuals with vast experience, and he says the intention is to branch out across the areas of project managment, real estate and mortages and financing for end users.
Asked if his company would be environmentally friendly -- Mr Kandil replied simply, "That is part of doing things the right way."  



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