Wednesday, June 08, 2011

Infrastructure ready for Downtown Jebel Ali development, say Limitless

Infrastructure is ready for Downtown Jebel Ali, the Dh.48bn mixed-use urban development, constituting 326 buildings, with developers now working on finalizing design plans for their projects, revealed a senior executive at Limitless.

The Executive Director for Limitless – Middle East, Salah Ameen, said that five plots are under construction while three more developers are now finalizing their design plans. Among the 326 buildings likely to come up in the development, 237 will be residential.

Limitless is the master developer of Downtown Jebel Ali, and has already developed The Galleries, comprising six office buildings and two residential towers.

One of the projects now under construction in the master development is that of Damac Properties. The residential development here is due for delivery by 2013, and it is moving as scheduled.

Limitless is also working towards completion of first phase of residential units at The Galleries, wherein, a total of two buildings will offer more than 600 units.

Although the master developer had initially emphasized that sub-developers will have to begin construction within five years from plot handover date, they are now lot more flexible due to current market situation. However, they have confirmed that action will be taken against developers who failed to abide by their financial obligations despite offering consolidation or easy payment plans.

The Downtown Jebel Ali is a mixed-use urban development comprising four zones stretching for 11kms along Sheikh Zayed Road, and located between Jebel Ali free Zone and Techno Park. It constitutes 326 buildings worth total of Dh.48bn.

1 comment:

Dubai Property said...

According to Salah Ameen Executive Director for Limitless – Middle East. They already working on different other projects, then how it can possible, they construct well Downtown Jebel Ali project.