Dubai developer in fresh Russian quest
By Simeon Kerr in Dubai
Published: February 5 2008 22:39 | Last updated: February 5 2008 22:39
Limitless, a Dubai developer, on Tuesday announced plans to help create a new town outside Moscow, broadening the Gulf emirate’s international property ambitions from developed economies to the fast-growing emerging markets.
Limitless and RDI Group of Moscow, its joint-venture partner, will develop a town for 14,000 residents near Moscow’s Sheremetyevo airport. Imad Benharouga, director of corporate strategy, says Russia is one of the company’s strategic markets, where it sees strong economic growth translating into long-term prospects for property development.
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