RP Group plans to invest $1.5 billion in Dubai's realty sector.

The diversified R P (Ravi Pillai) Group plans to deploy USD 1.5 billion (5.5 billion dirhams) on real estate development in Dubai, says a media report.

It is the first time the USD 3 billion plus entity is getting into realty in these markets, with general and industrial construction having been its core focus until now, the Gulf News report said.

ET