In Jumeirah Village South, it plans to build five residential and mixed-use towers across 152,746 sq ft of land and values the developments at Dhs1.3bn.
Ahmed Shaikhani, Managing Director, Memon Investments, said: "As we roll out more projects in line with our growth plans for the remaining months of 2008, we are now focusing on reinforcing our presence within Dubai's most established master developments.
And he said more than 10 projects worth Dhs3bnn will be launched by Memon in the UAE this year.
'Our acquisition of these plots in Jumeirah Village South is a prelude to the extent of our plans within this commercial and residential hub.
'Apart from the continuous planning of our future projects, we are also looking into other master developments in Dubai, as well as in other emirates and the rest of the GCC,' said Shaikhani.
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Memon buys five land plots in Dubai
- United Arab Emirates: Monday, October 06 - 2008 at 12:27
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Property developer Memon Investments, has bought five plots of land in Jumeirah Village South in Dubai for Dhs228m, and said it will launch more developments elsewhere in the UAE before year end.
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Rob Jones, Editorial DirectorMonday, October 06 - 2008 at 12:27 UAE local time (GMT+4)
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