Wednesday, August 22, 2007

Bavaria Gulf to launch its first project in Dubai Jumeirah Village

Bavaria Gulf, a German boutique property developer, has announced plans to begin its first real estate project in Jumeirah Village South, Dubai.

The company has already completed construction of about 1000 residential units, since its establishment, during the past twelve years. Since then, it has grown at an annual rate of 30 percent.

Being a boutique developer, it is well-known for providing home solutions ranging from apartments and condominiums to villas and gated communities.

All homes constructed by Bavaria Gulf in Germany, have been certified by TUeV, the most stringent certifications in the world.

Dr.Shahriar Daneshjoo, Bavaria Gulf Chairman said, "Through our focus on medium range developments, Bavaria Gulf, aims at contributing to the long-term vision of housing for all, as outlined in the Dubai strategic plan by H.H.Shaikh Mohammad bin Rashid Al MAktoum, the Vice President and Prime Minister of UAE and Ruler of Dubai."

Dubai, being well positioned to reach the goal of being a leading Arab and global city, as per industry estimates, the total value of real estate projects in Dubai, will touch $230billion. Also, as per predictions, demand will foresee supply, despite the supply of 175,000 residential units by the year 2010. This by-itself provides enough scope for a company like Bavaria Gulf, which engages in a range of home solutions, said Dr. Shahriar.

The Bavaria Gulf has already been well-accepted in Europe. Dubai is the global headquarters of Bavaria Gulf.

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