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MAJOR DEVELOPMENT WITHIN DUBAI WATERFRONT AND DUBAI MARITIME CITY

Tuesday, 19 Aug 2008

An amazing new project, expanding the coastal property in Dubai by an incredible 820 kilometres and also making allowance with ocean access for trade and entertainment; the Dubai Waterfront, is going to be invested into by Al Fara'a Properties, the flagship subsidiary of the Al Fara'a Construction, Industrial and Property Group. Together with the Dubai Maritime City they aim to leverage the booming demand for high-profile developments along the coast. They have not yet disclosed any information about their developments, but will announce their ventures in line with a new range of developments that would be valued at Dhs10 billion together.

Nitesh Gangaramani, director, Al Fara'a Properties concluded: "The potential of these two mega projects to push Dubai as a major frontrunner in waterfront development is being eagerly anticipated by developers, investors and end-users, and this has fuelled our keen interest in venturing into these world class destinations. Moreover, we will ensure that our signature touch of sophistication and comfort will be incorporated within all of our future projects, which we expect to be delivered in line with the stipulated schedule"

With a solid track record of more than 28 years the Construction, Industrial and Property Group in Al Fara'a has completed prestigious projects in the UAE, and have committed to develop all their projects in line with the US Green Building Council (USGBC) guidelines. The Dubai Waterfront was designed to serve to the residential, commercial and resort properties in Dubai, in effect adding to the number of existing property in Dubai, featuring over 100 different waterfront projects and planned communities of over 150. The Dubai Maritime City is a 227 hectare maritime centre, iconic but also multidimensional this fully-equipped centre is projected to house 400,000 people upon its completion by 2012, offering more accommodation in Dubai.