Designed as a unique, six-storey residential building, including 159 residential units amidst an old-souq area, the key components of Babil were unveiled to an invited audience of high net worth European investors on 3 September at the Ritz Hotel in Paris.
The event followed the successful launch of the new development at the Harrods's in London, where Babil generated significant interest from strategic investors.
Culture Village will span over 40 million square feet and feature wide open spaces, traditional wind towers, cobble stone walkways, unique sculptures, waterways topped with bridges, creek side souks, restaurants and cafes, an amphitheatre for live performances and cultural festivals, an exhibition hall and museums.
The development will also comprise serene residential communities, vibrant retail and commercial sectors, academic institutions, schools, art colleges, and learning centres for dance and other crafts.
As one of its centrepieces, the 215-suite Palazzo Versace Dubai will sprawl over 429,509 square feet of prime land comprising 220 condominiums, restaurants, a spa and 204 luxury villas that will be furnished with an exclusive line of products from the Versace Home Collection.
A premium waterfront development offering unobstructed views of the Creek, the Dhs2.56bn resort will is scheduled for an opening in 2009.
Dubai Properties projects represent a diverse spectrum of residential, commercial and mixed-use developments including Business Bay, The Villa, Jumeirah Beach Residence and Tijara Town.
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Dubai Properties showcases Culture Village's 'Babil' in Paris
- United Arab Emirates: Tuesday, September 09 - 2008 at 12:57
- PRESS RELEASE
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Dubai Properties, leading master developer and a subsidiary of Dubai Properties Group, hosted an exclusive event in Paris to unveil its latest residential development 'Babil' at the Dhs50bn Culture Village.
Yaqoob Al Zarooni, Deputy CEO of Dubai Properties, showcases Culture Village in Paris.
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Posted by Eman HassanTuesday, September 09 - 2008 at 12:57 UAE local time (GMT+4)
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This article was updated on Thu Sep 11 2008.
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About Culture Village
Culture Village is a unique development offering an elite lifestyle in an intellectually stimulating environment, with year-round world class cultural events. Valued at Dhs50bn, Culture Village covers an area of 40 million square feet. It will be located along the Dubai Creek next to Garhoud Bridge, and will have a residential, commercial and retail district. Culture Village will feature wide open spaces, traditional wind towers, cobble stone walkways, unique sculptures, waterways topped with bridges, creekside souks, restaurants and cafes, an amphitheatre for live performances and cultural festivals, an exhibition hall and museums, and a dockyard where traditional dhow building will be on display. A rustic traditional souk, offering Arabian crafts, antiques, and spices and herbs, will be the focal point of the retail district.
About Dubai Properties LLC
Dubai Properties LLC, is a member of Dubai Properties Group operates with the express aim of conceiving unique communities that add value for the customer and contribute towards the growth of Dubai. The portfolio of projects handled by Dubai Properties is diverse and represents the highest quality of real estate in the region. Dubai Properties offers mixed-use master developments catering to diverse lifestyles including Jumeirah Beach Residence, Business Bay, The Villa, Culture Village, Tijara Town, and Mudon. Dubai Properties also offers premium retail opportunities with The Walk at JBR and Bay Avenue at Business Bay.
For further information, please contact:
Jan Dabrowa
Jiwin
Tel: +971 4 374 8566
Fax: + 971 4 3688001
Lubna Habib
JiWin
Tel: +971 4 3613333
Fax: + 971 4 3688001
Lama Kabbani
Dubai Properties
Tel: +971 4 3602775
Fax: + 971 4 3695300
Culture Village is a unique development offering an elite lifestyle in an intellectually stimulating environment, with year-round world class cultural events. Valued at Dhs50bn, Culture Village covers an area of 40 million square feet. It will be located along the Dubai Creek next to Garhoud Bridge, and will have a residential, commercial and retail district. Culture Village will feature wide open spaces, traditional wind towers, cobble stone walkways, unique sculptures, waterways topped with bridges, creekside souks, restaurants and cafes, an amphitheatre for live performances and cultural festivals, an exhibition hall and museums, and a dockyard where traditional dhow building will be on display. A rustic traditional souk, offering Arabian crafts, antiques, and spices and herbs, will be the focal point of the retail district.
About Dubai Properties LLC
Dubai Properties LLC, is a member of Dubai Properties Group operates with the express aim of conceiving unique communities that add value for the customer and contribute towards the growth of Dubai. The portfolio of projects handled by Dubai Properties is diverse and represents the highest quality of real estate in the region. Dubai Properties offers mixed-use master developments catering to diverse lifestyles including Jumeirah Beach Residence, Business Bay, The Villa, Culture Village, Tijara Town, and Mudon. Dubai Properties also offers premium retail opportunities with The Walk at JBR and Bay Avenue at Business Bay.
For further information, please contact:
Jan Dabrowa
Jiwin
Tel: +971 4 374 8566
Fax: + 971 4 3688001
Lubna Habib
JiWin
Tel: +971 4 3613333
Fax: + 971 4 3688001
Lama Kabbani
Dubai Properties
Tel: +971 4 3602775
Fax: + 971 4 3695300
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