National Newspaper

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The exact location of the asset has not been released, but chiefexecutive Nadia Zaal says the company has plans in place to developat least 90 residential units.

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The distressed purchase wouldn't be cut and dry. There areinvestors from the original project that will need to be paid back,despite not seeing the development come to fruition. Additionallythe new architecture team will need to create an entirely newdesign while using the existing portion of the project that hasalready been developed.

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Zaya isn't stopping with this project. Zaal says the company isconsidering a mixed-use project in Abu Dhabi as well as a resortnear Goa.

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To read the report in the National Newspaper clickhere.

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