Jun 13 2012
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Indian developer forays into real estate development in Dubai
Pacific Ventures LLC announced today the launch of their new initiatives the "Pacific Residencia" and "Pacific Edmonton Elm" located at the Jumeirah village triangle.
The announcement is looked upon as yet another positive angle in the real estate sector, where newer developments have either stalled or were slowed down due to the ongoing economic crisis.
"We are extremely optimistic about the real estate market in Dubai as it is an economy which cannot be allowed to fall down completely. Everywhere in the world, the business environment is undergoing upheavals and changes, but we are confident that Dubai will always be a key investment hub for serious property investors who will appreciate the value of Pacific ventures newly introduced affordable properties," said Parvez Khan, Founder, Pacific ventures LLC.
"By 2014, we would have completed our first set of developments here in Dubai, and it will be first of many projects we envision for this market and the rest of the MENA region as newer projects on tourism, education and healthcare are announced and completed which will open up anew a demand for residential and commercial development. It makes more business sense to position ourselves now than later when the market is bound to pick up again," added Parvez khan.
About Pacific Ventures LLC:
Pacific Ventures LLC is an internationally acclaimed developer of commercial, residential, and mixed-use properties in the Middle East. In collaboration with renowned design professionals ,Pacific Ventures LLC, creates properties distinguished by modern, chic and affordable designs, efficient floor plans and top line amenities added to its infrastructure. The company is the initiative of an entrepreneur developer of Indian origin who believes in building affordable homes for the upper middle class segment and complete development of both the ongoing projects in 18-24 months from now.
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