Qannas Investments : QIL – sale

Qannas Investments Limited has announced that it has sold a 29,000 sq ft plot in the Reem Island project, off the coast of Abu Dhabi, for AED22.7m. The plot was bough for AED12.0m in May 2013.

One pound = 6.14 UAE Dirhams so the profit on the deal is £1.74m

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