DUBAI developer Deyaar has announced plans to re-start developing projects next year and set up co-investment funds for its overseas expansion.

“2009 was a development holiday. In 2010, we have to start developing again,” Markus Giebel, the firm's chief executive told the Reuters Middle East Investment Summit.
Dubai's second-largest listed developer, which plans to double the size of its property portfolio over the next five years, has handed over seven projects to investors in the third quarter and committed to six more next year.
The firm is looking at several expansion opportunities across the Middle East, including Saudi Arabia and Lebanon, but would take its time in identifying projects, he said.
Deyaar, which once focused primarily on high-rise buildings, is shifting its focus to villas and low-cost housing.