Billionaire Candy brothers plan massive Dubai property project

Nick and Chris Candy pose for photographers at the launch of the One Hyde Park development in London on Jan. 19, 2011. (File photo: Reuters)

British property developers Nick and Christian Candy have plans for a massive project in Dubai, according to the UK press.

The billionaire brothers are reported to be planning a development in the UAE that would be three times the size of the Qatar-backed London Shard development, according to the Telegraph.

The Candy brothers, who specialize in luxury properties, are said to be looking at a development that would span 3 million square feet.

“We hope to be able to make an announcement about the Dubai development before the Mipim property conference takes place in Cannes in early March,” Nick Candy told the Telegraph.

Candy & Candy, the brothers’ company, said yesterday it planned to expand the brand to cities across the world through partnerships.

Saudi Arabia and Qatar have been named as among the other markets the brothers are interested in.

“The Candy & Candy brand has long been associated with the world’s most luxurious real estate and after 15 years in design we are now ready to take the brand global and deliver the Candy & Candy standard of luxury living in other major cities around the world,” said Nick Candy in a statement to the media.

“We will work with carefully selected partners on specific projects from multiple unit developments to resorts and residences, which will deliver on our core values of the best location, quality and design, and most importantly that allow us to ensure product quality and the highest operating standards,” he added.

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Last Update: Wednesday, 20 May 2020 KSA 09:41 - GMT 06:41
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