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Jul 29 2008

Venture Capital awards D51 Island architecture to dxb-lab

DUBAI -- Venture Capital Bank has granted the architecture and development of D51 Island in The World project by Nakheel to dxb-lab Architecture. Nakheel has approved the preliminary designs.

Khalid Abdul Karim, Chief Investment Officer of Real Estate at Venture Capital Bank said: "Among many architect offices, we found the dxb-lab team to have a unique combination of the creativity required to develop a distinguished design concept, and local expertise required to manage the development of this size. We have been working closely with the dxb-lab team in order to develop a design theme that distinguishes D51 Island as a boutique luxury resort among other developments in the region. We are pleased with the progress made to-date. We have obtained Nakheel 's initial approval on our design concept and are now in the process of completing detailed designs".

© Khaleej Times 2008

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