Indian Developer Acquires 2 Projects Under Dubai’s Tanmia Scheme

Pacific Ventures in talks to take over projects in Business Bay, Sports City

A property developer from Pune, India, has become the first company to officially acquire two projects under Dubai’s Tanmia initiative, Emirates 24|7 can reveal.

Parvez Khan, Chairman, Pacific Ventures, in an exclusive interview with this website, said the company plans to spend Dh50 million over a two-year period to take over projects listed under Tanmia scheme.

The two acquired projects are in Jumeirah Village Triangle and have been renamed Pacific Residencia and Pacific Edmonton Elm.

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