Dubai: Leading developer ACW Holdings, yesterday launched their latest development in Dubai, a Dh200 million freehold residential and serviced apartments project, aimed to give investors annual returns of around 45 per cent. Platinum Two has a built-up area of 164,598 square feet and is located in Arjan in Dubailand. It will comprise of a total 254 apartments, 220 being studios and the remaining 34 are one bedroom apartments and 19 retail shops. The hoped-for 45 per cent on investment is based, in part, on the number of tourist hitting the anticipated 15 million per year by 2010. According to reports, tourism growth in the Middle East is expected to grow an average of 7.1 per cent up until 2020, while the rest of the world trails on an average of 4.1 per cent annually. Tourism accounts for 18 per cent of the direct GDP for...
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