Taj, ETA Star Tie up for Dubai Property
DUBAI, UAE, April 06, 2006. UAE property developer ETA Star has entered into a management contract with Taj Hotels, Resorts and Palaces.
This for its US$330 million Taj Exotica Resort and Spa and The Grandeur Residence Project located at The Palm Jumeirah Crescent, Dubai. "While ETA Star will be the owners and developers of the properties, Taj will manage it for them," The Indian Hotels Company Ltd managing director and CEO Raymond N Bickson told reporters Asia Pulse news.
The renewable contract is for a ten-year duration, he said.
ETA Star executive director Abid Junaid said the Grandeur Residence Project comprising 200 freehold fully furnished apartments are in price range of US$520,000 to US$3.5 million.
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