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Shangri-La Dubai hotel tower sold at auction for $190m

A landmark hotel property in Dubai operated by Hong Kong’s Shangri-La Group of Hotels has sold for AED700.2 million ($190.62 million) according to results posted on an auction website. The 42-storey tower on Sheikh Zayed Road, owned by Abu Dhabi-based family-owned conglomerate Al Jaber Group, was listed for sale earlier…

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Click here to read the full story: Arabian Business

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