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The property market in Dubai is stable and moving towards becoming a more matured market due to “significant steps” adopted by the real estate regulator and the Central Bank of the UAE, according to an industry official. Parvez Khan, chairman of Pacific Ventures, paid rich tribute to the vision of His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and underlined the need to open up banking sector for real estate to bring more stability in the market.

Bollywood star Shah Rukh Khan has been roped in to endorse a Dhs2.3 billion real estate project in Dubai that was launched earlier this month by developers Aristocratic Star, PAL Developments and Pacific Ventures, a statement said.

Located in Dubai Investments Park, Royal Estate is a 2.3 million square feet gated community consisting of 2000 units including apartments, villas, boutique retail space and an office complex. The project also features a luxury hotel, the statement said.

Bollywood fans rejoice! Power couple Shah Rukh and Gauri Khan are fronting a new real estate project in conjunction with property developers, Pacific Ventures, called The Royal Estate and Shah Rukh himself is expected to make an appearance at an exclusive event in Dubai on August 6 at the Madinat Jumeirah.

Bollywood superstar Shah Rukh Khan has reportedly teamed up with an alliance of developers to endorse a AED2.3 billion ($626 million) mixed-used project in Dubai which was first launched in 2008 but was stalled by the global financial crisis.

The movie star has joined up with Aristocrat Star, PAL Developments and Pacific Ventures for their Royal Estates development.

Celebrating the stability and positive pulse of the UAE’s real estate sector Aristocrat Star, PAL Developments and Pacific Ventures have announced Bollywood’s ‘King Khan’ - Shah Rukh Khan’s endorsement for their stately real estate project “The Royal Estate”.