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DUBAI, UAE-Al Fajer Properties has poured $75 million into the second phase of the Jumeirah Business Center. The current phase of the $490 million project will include the development of four commercial buildings.

“Our continued investment within Dubai is a strong indication of our belief in the sustainability of the city and the country as a whole and that capital is starting to flow back into the economy once again,” says Maktoum bin Hasher, president of AFP, in a release. “We look forward to delivering on our commitments to our customers in record time.”

The four towers, which will total 1.6 million square feet of office space and 66,000 square feet of retail space, will be built to high green standards, as required by the Dubai government. Three of the towers will be known as Ebony and Ivory Towers.

The Jumeirah Business Center is a small part of Al Fajer’s current project. The young company, it was started in November 2004, is developing the Jumeirah Lakes Towers. The project includes nine towers totaling 3.6 million square feet of leasable office space and 150,000 square feet of retail space.

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