Sunday, July 15, 2007

Dheeraj increases its investment in the Dubai Culture Village to Dh.700m

Due to the rapid growth of Dubai real estate development, coupled with the increasing demand, Dheeraj and East Coast (DEC) is increasing its investment to Dh.700million in the Culture village, adding another residential development in pipeline.

The three projects of DEC in the Culture Village includes Cascade Manor, Cascade Ville and The Estate.

The Managing Director of DEC, Dheeraj Wadhawan has said that Dubai is on its way as the city of the future, and has been attracting business men and home-owners worldwide. The emirate has been witnessing high demand for both mixed-use and residential developments.

He said that this latest addition to the already existing three projects in Culture Village, indicates DEC's confidence in Dubai market, and its potential to yield sustained returns.

According to Wadhawan, the fourth project of DEC will be launched before next October in the Culture Village. He said, the new project will be developed in accordance with the current Cascade Villa project with a unique feature of "waterfall".

The earlier residential projects - Cascade Manor and Cascade Ville – had more than seventy percent sales, followed by "The Estate" mixed-use project.

The fourth project of DEC's Culture Village is scheduled for completion by late 2009.
These four projects, among the eighteen projects of DEC are located in the most prominent business locations of Dubai, and also includes the DEC Towers worth Dh.450 million, and Marina Wharf I and II, which are also located in the prestigious Dubai Marina.

No comments: