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KASCO Developments makes a $326 million real estate investment in the UAE.

BusinessKASCO Developments makes a $326 million real estate investment in the UAE.

According to a press release, KASCO Developments has formally opened for business in the UAE real estate sector with an AED 1.20 billion first investment.

Since it began operating in the real estate market in 2008, the KASCO Group has completed projects including Waves Tower by KASCO, KASCO Tower, KASCO Residence, and Gulf Oasis.

By 2025, the development company hopes to sell one million square feet of residential properties, furthering its goal of fusing contemporary style with technology. 

The company’s short-term goals are to introduce, market, and complete its first three projects. 

The new organisation is particularly drawn to Dubai’s Business Bay and Al Jaddaf.

The KASCO Group’s thirty years of project execution, financial management, and strategic planning experience are expanded upon by the new company.  

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