Saeed Ahmed Saeed, Chief Executive Officer of Limitless said, "We are delighted to have received such an overwhelming interest from investors, both local as well as international.
"At Downtown Jebel Ali, we are not only creating a development, but a thriving community where people will want to live, not have to live. And the response we received confirms that we are on the right track and that investors share our vision," he added.
Downtown Jebel Ali is a 200 hectare urban centre and consists of four zones, covering an 11 kilometre stretch on Sheikh Zayed Road. Zones 1 and 2 (East Quarter and East Central), are sold out, while sales are currently underway for zones 3 and 4 (West Central and West Quarter). Limitless will develop approximately 20% of Downtown Jebel Ali itself, while the remaining area is sold to investors.
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Success of Downtown Jebel Ali exceeds expectations
- United Arab Emirates: Thursday, December 07 - 2006 at 08:15
- PRESS RELEASE
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Limitless, the global integrated real estate development arm of Dubai World, announced the success of its first development project in Dubai - Downtown Jebel Ali - with a complete sell-out of zones 1 and 2 to investors, predominantly local and international developers, within days of its launch.
Downtown Jebel Ali construction site.
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Posted by Anne-Birte Stensgaard, Senior News EditorThursday, December 07 - 2006 at 08:15 UAE local time (GMT+4)
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About Limitless:
Limitless L.L.C., a Dubai World company, is an integrated global real estate developer established in July 2005 and built upon a philosophy of 'Delivering Distinction'. Limitless can lay claim to three specific areas of expertise that provide the company with a competitive advantage internationally - master planning large urban communities, waterfront development and the implementation of large scale balanced projects. Limitless' projects are currently underway in Dubai, Russia and Pakistan, with more to come in India, China and the Gulf Region.
About Downtown Jebel Ali:
Downtown Jebel Ali was launched on 15 November 2006 and will occupy an 11 kilometre stretch on Sheikh Zayed Road between the Jebel Ali Free Zone, Dubai Waterfront and Techno Park. The development consists of four quarters - East Quarter, East Central, West Central and West Quarter and will comprise of 326 buildings, 237 of which will be residential. The clever design ensures ample space in-between buildings, with pedestrianised, congestion-free areas.
Each quarter is divided into three individual districts creating a blend of business, residential, shopping, dining and entertainment facilities - the Urban Centre, the Trellis District and the Medina District.
Downtown Jebel Ali will offer a rich, convenient and intelligent transport system through four new freeway intersections and four Dubai Metro stations. Additionally, there is a state of the art internal people mover system that will provide an environmentally-friendly, practical and comfortable way of moving throughout Downtown Jebel Ali.
Construction of Downtown Jebel Ali is underway and the first four commercial buildings will be completed by mid-2007 while completion of the infrastructure works for all four zones is scheduled for 2009.
For further information, please visit www.downtownjebleali.com
Media Enquiries: Please contact:
Laurence Cook/ Rebecca Rees/ Mona El-Mahdi
Memac Ogilvy PR
Dubai - UAE
Tel: +971-4-3050305/ 3050309/ 3050307
Fax: +971-4-3050306
Limitless L.L.C., a Dubai World company, is an integrated global real estate developer established in July 2005 and built upon a philosophy of 'Delivering Distinction'. Limitless can lay claim to three specific areas of expertise that provide the company with a competitive advantage internationally - master planning large urban communities, waterfront development and the implementation of large scale balanced projects. Limitless' projects are currently underway in Dubai, Russia and Pakistan, with more to come in India, China and the Gulf Region.
About Downtown Jebel Ali:
Downtown Jebel Ali was launched on 15 November 2006 and will occupy an 11 kilometre stretch on Sheikh Zayed Road between the Jebel Ali Free Zone, Dubai Waterfront and Techno Park. The development consists of four quarters - East Quarter, East Central, West Central and West Quarter and will comprise of 326 buildings, 237 of which will be residential. The clever design ensures ample space in-between buildings, with pedestrianised, congestion-free areas.
Each quarter is divided into three individual districts creating a blend of business, residential, shopping, dining and entertainment facilities - the Urban Centre, the Trellis District and the Medina District.
Downtown Jebel Ali will offer a rich, convenient and intelligent transport system through four new freeway intersections and four Dubai Metro stations. Additionally, there is a state of the art internal people mover system that will provide an environmentally-friendly, practical and comfortable way of moving throughout Downtown Jebel Ali.
Construction of Downtown Jebel Ali is underway and the first four commercial buildings will be completed by mid-2007 while completion of the infrastructure works for all four zones is scheduled for 2009.
For further information, please visit www.downtownjebleali.com
Media Enquiries: Please contact:
Laurence Cook/ Rebecca Rees/ Mona El-Mahdi
Memac Ogilvy PR
Dubai - UAE
Tel: +971-4-3050305/ 3050309/ 3050307
Fax: +971-4-3050306
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