Memon Investment's AED 80 million Cambridge Business Centre sold out

The overwhelming response to the AED 80 million development located in Dubai Silicon Oasis (DSO), the region's premier integrated innovations hub for high-tech industries, has been credited to Memon's excellent marketing strategy, which followed the launch and consisted of a series of road shows in France, Italy, UK and Pakistan.

Cambridge Business Centre, which is set for completion in 2009, has been designed by the award-winning architectural and engineering firm, Eng. Adnan Saffarini Office and features classic British architecture combined with progressive engineering and architectural acumen. Presenting an innovative fusion of luxury and functionality, the 10-storey tower will house 108 distinctively designed small, medium and large offices boasting of advanced facilities such as Wi-Fi technology, keyless entry, mood lighting and hi-speed internet connection amongst others. Commercial tenants will have a choice of 11 retail shops comprising of renowned lifestyle brands, cafes and restaurants, banking facilities and a travel agency. In addition, is a fully serviced rooftop health club that includes a communal swimming pool, steam and sauna, juice bar and separate gyms for men and women.

"With a burgeoning economy and tremendous development projects across industrial sectors, Dubai has been a very attractive market for high-value property portfolios. We are poised to leverage this boom and the corresponding increased demand for commercial spaces by offering Cambridge Business Centre, which combines top-of-the-line business facilities and luxurious lifestyle amenities. The fast sellout of our first commercial tower shows that we have earned a high-level of confidence from investors, agents and end-users for the exceptional quality of our property offerings,"

said Ahmed Shaikhani, Managing Director, Memon Investments.

"The project's strategic location in DSO has also helped enhance its appeal whilst the tower's excellent architecture has drawn a lot of interest. As part of our marketing initiatives, we organized road shows and other events to give potential investors the opportunity to explore the outstanding features offered by Cambridge Business Centre," added Shaikhani.

Testament to the project's high marketability, Memon Investments reported that 60 percent of the tower's units were sold out within a week's time of the launch. Cambridge Business Centre also further raised its market appeal through Memon Investments' participation as the Gold Sponsor at the Property Investments Show 2007 in Karachi, Pakistan held earlier this month, and the subsequent road shows in France, Italy and the UK.

"With the success of our initial commercial tower venture, we are now set to further expand our project portfolio and will be announcing new projects very soon. The overwhelming response we have received has motivated us to sustain our innovative approach and maintain our commitment to provide quality developments to our valued clients," concluded Shaikhani.

Memon Investments is poised to expand its presence in the regional property market by offering a diverse range of projects, including residential, commercial, mixed-use, retail and community development in prime locations in the UAE and GCC.