UAE's Ellington, Déjà Vu RE to build $41 mln residential tower in Dubai

09/13/2019 9:44:00 AM (GMT)

Ellington Properties, a UAE-based real estate developer, is preparing to construct a new residential tower in a central location in Dubai.

More so, Ellington Properties has partnered with an entrepreneur via Déjà Vu Real Estate (RE) and inked a 150 million dirham ($41 million) deal to support the project.

The new partnership will further add to Déjà Vu Real Estate's growing portfolio of projects in Dubai and also expand Ellington Properties' portfolio in the city.

Ellington Properties noted that the deal is in line with its strategy of building up to 1,000 residential units annually. The companies anticipate the design and master-planning for the new residential tower to start shortly.

Ellington Properties Development LLC

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