With a property development on the Palm Jumeirah, Muraba, a Dubai-based real estate company established in November, is vying for a piece of Dubai's premium real estate market. The property has 46 units totaling more than Dh300 million and four penthouses with ocean views. The project is Muraba's first real estate investment, financed entirely by the owners.
Al-Ghurair Properties' previous managing director, Ibrahim Al Ghurair, is the company's founder. He has partnered with investors from Dubai for his first business. His target audience includes domestic and foreign investors who may purchase flats for as little as Dh4.7 million.