Dubai, 05 March 2008: 

Nakheel, one of the world's largest privately-held property developers, has completed the handover of all buildings at International City.

All 387 buildings have been handed over to owners and residence across all nine internationally themed precincts which make up the Residential District of International City. These buildings comprise of over 22,000 apartments and will be home to over 70,000 residents.

Eng. Rashid Obaid Al Helli, Director International City said:

"We are delighted with the delivery of International City. With more than 50,000 residents already living there, it is becoming not only a great place to live but a great community. We are delighted to see the hard work that has gone into creating this development pay off. With landscaping well underway and a number of retail offerings now open, International City is an attractive option for a diverse range of people to call home."

International City began construction in 2003 and comprises of the Residential District that includes 387 buildings and the Central District that includes 34 plots that are currently under construction by private developers. Neighboring developments include the Dragon Mart Complex and Al Warsan Lake.

The nine internationally themed communities that make up the Residential District of International City are: China, England, France, Greece, Italy, Morocco, Persia & Russia.

Situated 12 km from Dubai International Airport, International City's location, combined with its affordability, make it an instant magnet for local and international businesses, retailers, commercial establishments, traders, residents and tourists.

The project was designed as an integrated multi purpose development to meet the increasing demand for affordable housing in Dubai. International City will be home to more than 70,000 people by the end of 2008.

-Ends-

About Nakheel:
Nakheel is one of the world's largest privately held real estate developers, and a key player in realising the vision of Dubai for the 21st century: creating a world class destination for living, business and tourism. 

Nakheel is developing an iconic portfolio of innovative landmark projects in Dubai across a range of sectors - residential, commercial, retail and leisure. Nakheel's developments spread across more than two billion sq ft of land, and its projects are projected to be worth US$60 billion. Upon completion Nakheel's waterfront projects will have added more than 1000km of shoreline to Dubai's coastline. 

Nakheel's portfolio currently includes The Palm Jumeirah, The Palm Jebel Ali, The Palm Deira, The World, Waterfront, Jumeirah Islands, Jumeirah Village, Jumeirah Park, Jumeirah Heights, The Gardens, Discovery Gardens, Ibn Battuta Mall, Al Furjan, International City, Dragon Mart Complex and Dubai Design Centre.  

Nakheel is a key entity within Dubai World. Dubai World is one of the world's largest holding companies and supervises a portfolio of businesses and projects for the Dubai government across five continents and more than 100 countries. 

Notes to editors:
All information provided is correct at time of printing/release

As masterplans for projects have the flexibility to evolve, facts and specific statistics may change in the future. Please ensure you contact us on a regular basis on nakheel@fourcommunications.com for regular updates or visit the online Nakheel Media Centre at www.nakheelmediacentre.com

All rendered images are conceptual

For more information, please contact:
Nakheel
Nashwa Zakaria
Senior Communications Manager
Tel: +971 4 375 1989
Mobile: +971 (0)50 644 2238
E-Mail: nashwa.zakaria@nakheel.com

© Press Release 2008