Deyaar building shari'ah compliant hotel in Dubai

Deyaar Development has confirmed that it is planning to build a shari'ah-compliant hotel and furnished apartment tower in the Al Barsha area of Dubai. The project is worth an estimated AED450 million (US $123 million), and is in the preliminary design stage.

The Al Barsha toll gate in 2009.

 

A clarification on statements in media that appeared on September 3 after Deyaar's CEO Saeed Al Qatami granted an interview were sent to the Dubai Financial Market on September 4.