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Friday, November 27 - 2009

Moscow draws the crowds for Limitless at MIPIM

  • United Arab Emirates: Wednesday, March 12 - 2008 at 13:06
  • PRESS RELEASE

Limitless, the global master development arm of Dubai World, reported massive interest in its newly-announced project near Moscow, on show at MIPIM, France from March 11.

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  • Limitless CEO Saeed Ahmed Saeed.
    Limitless CEO Saeed Ahmed Saeed.
Speaking from the Limitless stand, where the company is displaying nine global projects worth over US$100 billion, Saeed Ahmed Saeed, CEO of Limitless said: "Real estate in Russia is one of the hottest topics here at MIPIM, and our new community development near Moscow, is getting plenty of attention.

"Investors, developers and potential partners clearly share our vision for Russia, where we are planning a series of distinctive developments that will bring a new dimension to the way people live there."

Limitless' first project for Russia is a 50-50 joint venture with RDI, one of Russia's leading investment and development companies. Located near Ivakino and Starbeevo in the Khimki Region, 3km from Sheremetyevo International Airport and 24km north-west of central Moscow, it will be a distinctive, balanced community providing homes for 12,000 people. The 113 hectare master plan includes 4,500 homes including low-rise apartments buildings, townhouse and villas, as well as schools, retail and commercial elements.

The site is in natural countryside surroundings, alongside the Moscow Canal and in extensive pine forest, which will be retained and incorporated into the master plan: almost 30% of the development will be 'green'.

Limitless, exhibiting at the four-day MIPIM event for the first time, is also showcasing developments in Malaysia, Jordan, India, Vietnam, Saudi Arabia and the UAE.
Saeed Ahmed Saeed continued:

"Here at MIPIM we are showing how our developments will enhance and enrich the way millions of people will live and work - for generations to come - in many parts of the world, including Russia."

On show at the Limitless stand (LR4.01) at MIPIM:
• Malaysia International Halal Park, Selangor State, Malaysia: The world's first fully-integrated Halal centre and one of two projects for Limitless in Malaysia, this 1115 hectare complex includes homes for 200,000 people, food manufacturing plants, training and research centres, offices, entertainment and retail facilities
• Limitless Towers, Amman, Jordan: $300m, 200 metre residential twin towers that will be the tallest buildings in Jordan. Towers will be connected by the world's highest suspended swimming pool, 125 metres above Amman. First 'green' building in the country, with 600 luxury apartments as well as a retail, entertainment and leisure plaza
• Moscow, Russia: 113 hectare development near Moscow, with 4,500 homes as well as schools, retail and commercial elements. The project is a 50-50 joint venture with leading Russian developer RDI, and will accommodate around 12,000 people
• Residential North, Puteri Harbour, Malaysia: $450m, 44 hectare development of landed waterfront homes - with individual berthing - and high-end condominiums. A 60-40 joint venture with UEM Land, this will be the country's first luxury waterfront enclave
• Al Wasl, Riyadh, Saudi Arabia: $12bn, 1,400 hectare mixed-use development near Riyadh, including 60,000 homes as well as mosques, educational facilities, offices, shopping malls and hotels
• Arabian Canal, Dubai, UAE: $11bn, 75 km man-made waterway - the biggest and most complex civil engineering project ever undertaken in the Middle East. Limitless is also master planning a $50bn, 20,000 hectare canalside 'city' as part of the project
• Bidadi, Bangalore, India: $12bn, 4,000 hectare mixed-use development, including 1,000 hectares of office/commercial space, near Bangalore. The first of five new towns planned by the Government for the outskirts of the city, Bidadi will provide house up to 750,000 people
• Halong Star, Halong Bay, Vietnam: $220m, 125 hectare mixed-use development with residential units, hotels, and education, cultural and recreational facilities, overlooking Halong Bay, a UNESCO-sanctioned world heritage site
• Downtown Jebel Ali, Dubai, UAE: $13bn, 200 hectare sustainable, mixed-use development consisting of four quarters, each with its own iconic, individually-themed plaza. Downtown Jebel Ali will have nearly 330 buildings, including 237 residential towers
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Notes and media contacts

Media enquiries:
Rebecca Rees on +971 4 375 9733 or +971 50 658 7192
Nawel Benoumeur on +971 9895 or +971 50 7486 550

Limitless LLC, a Dubai World company, is an integrated global real estate developer across all market segments, delivering distinctive, sustainable developments. Established in July 2005 and built upon the philosophy of 'delivering distinction', Limitless has three specific areas of expertise: master planning large urban communities, waterfront development and the implementation of large scale balanced projects.

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