Qannas Investment - a fund registered in Jersey but managed in Abu Dhabi - has snapped up more properties in the recently-topped out Marina 101 scheme from developer Sheffield Holdings.
The company said that it has bought properties worth a further $1.45m at Marina 101, which is a 101-storey hotel and apartment building under construction by Turkish contractor TAV at Dubai Marina.
This follows on from an earlier investment of $8.5m by the firm in the development, as part of a co-investment alongside other clients of fund manager Abu Dhabi Capital Management. In the earlier deal, they paid $10.9m for 51 properties in the scheme equating to $72 per ft2.
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