Dubai Silicon Oasis Releases 400 Units of Cedre Villas Project at Cityscape Dubai 2009 |
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AED1.55 billion Project to be Fully Completed by First Quarter of 2010 Dubai: 05 October, 2009 - Dubai Silicon Oasis Authority (DSOA) today announced 400 of the total 1,047 units at Cedre Villas are available for sale and lease to investors.
The announcement came at Cityscape Dubai 2009, one of the largest business-to-business real estate investment and development events in the world, which opened today and will run until 8 October at the Dubai International Convention and Exhibition Centre.
The 400 villas in the first phase of the project comprise, Executive Villas, Twin Villas, and Town Houses. The villas will be available with three architectural models, Modern, Traditional, and Islamic and will be offered at very competitive rates in relation to current market prices.
In addition, DSOA also announced the remaining finishing works for the AED1.55-billion villa development is proceeding as scheduled while more than 280,000 cubic meters of concrete have already been laid out for construction.
DSOA's announcements are in line with its mission of meeting the professional and residential requirements of all companies operating from within the high-tech park.
Eng. Muammar Al Katheeri, Chief Officer - Engineering Management at Dubai Silicon Oasis Authority, said: "We are proud to release the first phase of the Cedre Villas development during Cityscape Dubai. We are also directing all our efforts towards the timely completion of the multiple stages comprising this project."
"This landmark development comprises spectacular villas built with up to 40% more space than the available villas in the market, and are built in accordance with international quality standards that reflect the commitment of Dubai Silicon OasisDubai Silicon Oasis
in creating an integrated community for those living and working in the region's pioneering technology cluster. "
Arabtec HoldingArabtec Holding is contracted to lay the finishing works for the gated community that is strategically located on the Emirates Road. The development offers residents an exclusive club house, a shopping complex, health and leisure facilities, swimming pools, schools and academies, hospitals, play areas and other lifestyle necessities.
Riad Kamal, Managing Director of Arabtec HoldingArabtec Holding, said: "We are committed to providing the highest quality of work and delivering the project on time. Our determination to create a landmark development further reaffirms our distinctive track record even during challenging times."
Dubai Silicon OasisDubai Silicon Oasis is a wholly-owned entity of the Government of Dubai and operates as a free zone technology park for the semiconductor, microelectronic and other high technology-based companies looking to set up their regional headquarters and R&D facilities in the Middle East and Africa region.
The 8th edition of Cityscape Dubai has brought together over 30,000 high-ranked real estate investors, developers, financiers, consultants, government bodies, architects, and urban planners.
-Ends-
Dubai Silicon Oasis Authority
Dubai Silicon Oasis Authority (DSOA), a 100% owned entity by the Government of Dubai is a free zone, strategically placed on the Emirates road. DSOA's urban master-planned community spans 7.2 square kilometres of state of the art office towers, R&D and industrial zones, educational institutions, luxury apartments, villas, hotels, healthcare and a full range of lifestyle facilities which translate into a dynamic commercial and social environment. Work and Live here! Businesses can flourish under the unrivalled package of incentives, including 100% ownership, and high end IT infrastructure that allows companies to begin operating immediately.
For further information, please contact:
Mazen El Dirany
Dubai Silicon OasisDubai Silicon Oasis Authority
Associate Manager - Corporate Communications
Tel: (+971 4) 5015102
Fax: (+971 4) 5015200
Email: meldirany@dso.ae
Mathilda Saad
JiWin
Tel: +9714 361 3879 (direct)
+9714 361 3333 (switchboard)
+97150 699 9890
Fax: +9714 388 8001
Email: mathilda.saad@jiwin.ae
Mohamed Mousa
JiWin
Tel: +9714 369 2836 (direct)
+9714 361 3333 (switchboard)
+97150 678 7243
Fax: +9714 388 8001
Email: mohamed.mousa@jiwin.ae
© Press Release 2009
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