subject: Dubai Unveils Ambitious Construction Projects [print this page] Dubai Unveils Ambitious Construction Projects
Dubai Silicon Oasis (DSO), a government-owned, integrated free zone technology park, has announced the completion of its 1,047 Cedre Villas project, which comprises a variety of exclusive and spacious villas. The company confirmed that 647 units have now been completed and are ready to move into with water and electricity connected. This follows the successful handover of phase-1 of the development which saw 400 villas launched in October 2009, all of which have now been sold.
Located within the 7.2 sq km state-of-the-art DSO free zone, the Cedre Villas development includes luxury town houses and twin villas ranging between three to five bedrooms. The villas are available in three architectural models - modern, traditional, and Islamic, making it one of the most exciting and unique residential projects to come onto the Dubai property market in recent times.
Muammar Al Katheeri, vice-president of engineering management at DSO Authority, said: "We have succeeded to sell and lease phase-1 of the development and today we add another remarkable milestone by releasing additional units into the market the demand has been quite remarkable for phase-1." The news comes after Dubai was last week found to have outperformed all other cities in the Gulf Cooperation Council in Mercer's latest global quality of living survey.
In further news, the building of a 108 MW capacity substation for Dubai Lagoon has been completed ahead of the development's expected opening later this year. In a statement, the developer Schon Properties confirmed that the AED 48 million substation had been completed by the Dubai Electricity and Water Authority and was ready to be commissioned. Schon said the facility formed part of its commitment to ensure a prompt completion of all infrastructure for the benefit of future tenants.
"DEWA has been most supportive in helping us in our goal to provide uninterrupted electricity to homes and offices," added vice-president Danial Schon.
Dubai Lagoon is designed to be a unique residential apartment community, planned around a sapphire lagoon in the heart of New Dubai, which has already attracted those interested in investment in Dubai property.
Schon said that Zone 1 of the project was scheduled for handover at the end of 2010, with the remaining zones to be completed and handed over during the coming two years.
