DPG to complete 4 developments in 2011
Dubai, October 4, 2010
Dubai Properties Group (DPG), a member of Dubai Holding, will complete and commence the handover of four new residential, retail and leisure developments in the coming year and expand its diverse real estate portfolio.
The four projects include the highly anticipated Remraam residential community in the heart of Dubailand, The Villa phase II, a residential community in Dubailand, Bay Avenue at The Executive Towers in Business Bay, a 175,000-sq ft retail destination, and the first Beach Club at the iconic Jumeirah Beach Residence.
The new projects will compliment an existing DPG real estate portfolio of 16 developments , featuring seven communities launched in the past 12 months in prime locations across Dubai including The Executive Towers at Business Bay; Shorooq and Ghorrob in Mirdif; Layan, Al Waha and The Villa in Dubailand and Nuzul staff accommodations in Jebel Ali.
“At DPG we endeavor to contribute to the development and growth of Dubai by providing, affordable, accessible and diversified communities across the Emirate,” said Khalid Al Malik, Group CEO, Dubai Properties Group.
“The completion of these four projects will strengthen our unique mix of real estate and demonstrates our commitment to delivering an extraordinary range of communities at every price range in every corner Dubai,” he added.
Residential units at Remraam are set in low-rise Moorish architecture and include spacious studios, 1, 2 and 3 bedroom residences, many with extended balconies, terraces and private gardens.
The Villa Phase II is comprised of 219 Spanish-style villas in a residential retreat inspired by generous open spaces for outdoor living.
Bay Avenue, located in the heart of Business Bay, is a retail development that will offer two levels of outdoor retail space featuring cafés, restaurants and boutiques in addition, landscaped plazas, children’s play areas and sporting facilities.
The new JBR Beach Club will be located on a prime stretch of beach adjacent to The Walk at Jumeirah Beach Residents and will include a variety of water sports, spa facilities and food and beverage outlets.
In addition, DPG is currently in the process of handing over Vision Towers, a 51-story freehold office tower in Business Bay and expects to complete Bay Square, a unique business, retail and residential project also located in Business Bay, in 2011, it said in a statement. – TradeArabia News Service