News
Middle East
Further investment due in Jumeirah Village Further investment due in Jumeirah Village |
|
|
| Tuesday, 11 March 2008 | |
![]() New Peojects in Dubai Dheeraj and East Cost LLC has decided to invest UAD 700 million in Jumeirah Village to be spread over two different projects. This will add to their current investment in Dubai and bring it over the UAD 4 billion mark. At the same time, plans for the Sternon projects in Jumeirah are steadily advancing. The Middle East is proving itself to be a hotbed of activity, as two separate corporations have made plans to build up the area with a number of investment projects that will bring even more tourism and interest to the area. Dubai has been a popular place for a number of years, but the Sternon Group is about to make it even more active. On March 8th, they announced plans to execute a number of different projects around Dubai within a few months time. The first plan is to build a development known as the Sternon Tower. This building will be housed in Jumeirah Village South and construction is set to start in June of this year. It will have a number of different residential units, including penthouse apartments as well as studio apartments. The company also plans to include offices as well as retail space in the Sternon Tower, which will be built directly near the Dubai Autodrome. Dheeraj and East Coast L.L.C. have also decided to launch a few projects in Jumeirah Village. They are in the process of building two separate projects: one known as The Gardens and another known as The HQ. The Gardens is being planned as a residential project that will have 231,00 square feet of space. The HQ, however, is a commercial project that will have 300,000 square feet of space for businesses and companies to nest in. Both companies have other projects that they have brought to Dubai and to the Middle East, bringing both revenue and interest to the area. This story relates to: [SEE ALL] BOOKMARK THIS PAGE (What is this?) |
Serviced hotel suites tipped as the most profitable investment in DubaiServiced hotel apartments are the most profitable investment in Dubai right now as tourism levels continue to rise, it is claimed.
With the opening of the Olympics in Beijing global eyes will be on China, a country transformed beyond any predictions made a decade ago.
According to Steve Worboys, MD of property investment experts Experience International: "the loose definition of an 'emerging market' in property terms is a real estate market that has yet to be tried and tested, where there is an element of risk hopefully offset by positive fundamentals for the potential of growth in terms of demand for property and the underlying value of land and real estate."
Subscribe to our weekly newsletter and stay updated on the property market trends.
Subscribe now >>