Limitless in $220mn Vietnam venture

Dubai real estate firm Limitless today unveiled plans to build a $220 million luxury mixed-use development in Vietnam, one of a number of agreements announced during a state visit to the Southeast Asian country by the ruler of Dubai. Limitless, part of state-owned conglomerate Dubai World, said the Halong Star project is a joint venture with Vietnam’s Phuong Hung Joint Stock Company and International Property Investment Partners. The 125-hectare development will be located on Vietnam’s Northeast coast at Halong Bay, a popular tourist destination and Unesco-sanctioned world heritage site.