Tuesday, September 30, 2008

Dubai Properties to launch Dh.40bn Mudon development at Cityscape

Dubai Properties, a subsidiary of Dubai Properties Group (DPG) has announced that it will release details about its new projects and display existing developments at Cityscape 2008, one of the largest business-to-business realty investments and development events in the world.

Mudon developmentsOne of the developments to be released during the event is the Dh.40bn Mudon master development, which will be displayed on one of the stands of Dubai properties. The first phase of Mudon, the 348 Cairo Townhouses will be made available for sale during the event.

The Mudon Cairo Townhouses are a cluster of two storey, four-bedroom villas, covering 1.4mn square foot of space within the Cairo section of the project. Each villa would include a garage for two cars, a garden and patio and the first-floor terrace. The project will be complete in 2010.

The Deputy CEO of Dubai Properties, Yaqoob Al Zarooni, said that Dubai Properties is eagerly looking for participation at this edition of Cityscape Dubai. Cairo Townhouses, the first aspect of Mudon is an exciting project, sure to attract major investor interest, and Cityscape is the right time and place to launch it onto the market.

The Cityscape Dubai 2008 exhibition has been scheduled to be held between the 6th and 9th October at the Dubai International Exhibition Center (DIEC). It is the seventh edition of Cityscape Dubai, and will bring together industry professionals including investors, property developers, government and property development authorities, designers, architects and consultants from over 130 countries.

With several unique developments such as the Culture village, Business Bay, Tijara Town, The Villa and now the Mudon to its credit, the Dubai Properties is all set to become a Dh.1trillion master developer.

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