Thursday, May 31, 2007

Three Dh.760m projects announced on the same day

Three projects, worth Dh.760 millions has been announced by three dubai-based developers in various locations. Deyaar has announced its two residential towers at Business Bay – Mayfair Residency and Mayfair Tower, for Dh.360million.

The towers that are positioned adjoining each other overlook the lake and are separated from each other by large landscaped area. Both towers provide one and two bedroom apartments, with 213 residential units in Mayfair Residency Towers and 218 in Mayfair Tower. Each tower comprises a terrace garden, swimming pool, gymnasium, high-speed internet connection, steam rooms and maintenance and security services round the clock.

Al Tajir Real Estate has launched the Fortunato Project, worth Dh.320million at Jumeirah South Village. The Fortunato provides the convenience of living in the heart of the city, while also being secluded enough for peace and privacy. Fortunato comprises single and double bedroom apartments, penthouses, and duplex apartments, studio, town houses, loft houses and garden houses. The construction which will begin this September is expected to be complete by mid 2009. The studio apartments are priced at Dh.538,538 for a single bedroom, Dh.682,722 for double bedrooms, Dh.295,000 for studio apartment and Dh.2.2 million for four bedrooms and town houses. In addition, there are the parks, promenades, medical facilities, country club and sports areas such as cricket, tennis and football.

Memom Investments, a branch of the Memon Group of Companies, has launched the Dh.80million commercial tower, Cambridge Business Center, at Dubai Silicon Oasis (DSO). The ten storey comprises of about 108 small, medium and large offices, with facilities such as Wi-fi connectivity, mood lighting, and keyless entry.

The Memon Managing Director, Ahmed Shaikhani, while speaking during the launch, states: “Our aim is to bring total convenience to business people by providing a modern workplace where they can also fulfill their personal needs.” The tower incorporates British architecture that brings about memories of traditional excellence, coupled with architectural expertise and progressive engineering. It has been designed by Adnan Saffarini, an architect. The tower is expected to be complete by 2009.

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