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.

zawya

Leave a comment