The Phase II plots of Dubai World Central's 715-hectare Residential City will be launched on sale on 25th and 26th March at Hotel Grand Hyatt, Dubai.


The plots are expected to be sold out, generating a sale of Dh.6bn, according to Khalid Bin Harib, the CEO, Dubai World Central.

The estimates are based on the sales registration that took place at the International Property Show last month for 284 plots that range from 2000 to 12000 square meters in size.


The Phase two covers a total of 140 hectares, and is the largest among all the five phases of the DWC Residential City. The Residential City will eventually house 53,000 people across 18,000 units.

Land grading work for the phase 2 is complete, with 19 plots being allocated for mixed-use development, while nine plots are reserved for commercial and public amenities such as hotels, malls, schools, mosques, health centers, parks and fuel stations.

The Dubai World Central proposition of being close to workplace in an affordable housing is drawing considerable interest from potential buyers, reveals Khalid.

The land registrations during the past couple of months have grown beyond expectations with major regional property developers having expressed interest in providing affordable housing.
The Phase one sales was complete with 24 hours of launch, due to huge developer demand at the DWC Residential City.

The Residential City will have single to four bedroom apartments of various sizes, in five to ten storey buildings. The unique aspect of DWC Residential City being served by its own light rail, linked to the Dubai Metro, will provide easier transportation within the city and outwards to the existing Dubai City Center.

The Dubai World Center is a 140 square kilometer urban aviation community centered around the world's largest international airport, located 40 kilometers from the existing Dubai International Airport. The project is twice the size of Hong Kong Island.

Labels: Dubai-Residential-City, Latest News, Sales

The luxurious lifestyle provider and leading real estate developer of the region, DAMAC properties, unveiled their 'Amber Residence' in Dubai Residential City, located at Dubai World Central in Jebel Ali. With the launch of this property, the total number of DAMAC projects currently under development touches 80 in number.

Amber Residence is a well-designed residential and retail development in the Dubai World Central, which includes retail shops on the ground and mezzanine floors, and residential flats on floors 1 to 9. Designed to provide high-level comfort, the residents get to enjoy exclusive fitness and leisure amenities. This development will prove to be an unmatched asset to its homeowner, due to the distinctive lifestyle that it offers, with unparalleled opportunities of fine dining restaurants.

The Chairman of DAMAC Properties, Hussain Sajwani, said "Amber Residence is a modern architectural design, offering the finest residential and retail lifestyle. It has been tastefully designed to meet the minutest detail, breathing comfort. Residents can be sure of easy accessibility to everything they require, giving the true value for money."

The Dubai World Central is a massive, multi-storey development located amidst the world's largest international airport. Being a 140square kilometers city, it is twice the size of Hong Kong Island, and one of the first integrated logistics platform, including all modes of transports, logistics and value added services in its free zone environment. On completion, the Dubai World Central will be home to about 750,000 people.

Labels: Damac Properties, Dubai-Residential-City, Luxury Homes, Residential

The massive planned logistics and airport complex, Dubai World Central (DWC) has announced plans to introduce three new real estate projects, worth $33billion.

The company revealed that it is in the process of discussions with potential buyers for the sale of phase two of two plots in Residential City, the leasing of Staff Village units, and the leasing of first phase of its office space at Dubai Logistics City.

All three projects are expected to be officially launched next spring, revealed Abdullah Ahmad Al Falasi, Director - Marketing and Corporate Communications, to the media at the Cityscape Property Show.

The launch may be coincidental with the start of the International Property Show, but may happen before or after depending on the demand from buyers, Al Falasi mentioned.

The first phase of Residential City was sold within two days last March, after its launch. Residential City will be sold in five phases. On the whole about 250,000 people are expected to live in the city, and another 20,000 are expected to work there. The accommodation comprises a mix of luxury apartments and two storey villas, in about 24 storeys.

The residential units in DWC are so designed to accommodate labourers, employees, executives working at the logistics and aviation complex, apart from separate buildings designed for female tenants. Staff Village Units have been designed for low and mid-income categories, including 68 buildings with 547 rooms.

The commercial buildings at the Dubai Logistics City, on the other hand, comprise 18 buildings that are to be sold in two phases. The construction works on five-storey buildings that began about a year ago, is likely to be complete by end of 2008 or mid-2009.

The projects are a part of Dubai's second international airport in Jebel Ali, which when completed, will have six parallel runways, two terminals, and six concourses that serve about 120 million passengers by 2015.

Labels: Dubai-Residential-City, Latest News

Labels: Dubai Real Estate, Dubai-Commercial-City, Dubai-Golf-City, Dubai-Residential-City, Mortgages, Real Estate Company