Deyaar unveils first mid-size community project in IMPZ

Strategically located in close proximity to most major destinations in Dubai, the project will comprise nine residential buildings and will be the first mid-size community to be launched within the IMPZ.

Deyaar Enclave was showcased at Deyaar's 270-square-meter pavilion at Cityscape 2008 modelled on the layout of the new community project. The project was unveiled by H.E. Nasser Bin Hassan Al-Shaikh, Chairman of Deyaar, along with Markus Giebel, Chief Executive Officer of Deyaar, who announced the project details. Also present at the unveiling ceremony were other senior executives of Deyaar.

Highlighting the significance of the project, Giebel said: "At Deyaar, we are now focused on building communities, not just buildings. This strategic shift stems from our intention of creating an enhanced way of life for our customers.

"As the first community project that we are embarking on, Deyaar Enclave is an exciting project that we are confident will attract keen interest. As an upcoming residential and commercial hub, IMPZ has generated tremendous enthusiasm and anticipation among buyers and investors keen on purchasing prime property within the heart of Dubai. Deyaar Enclave's convenient location, unique amenities and eclectic range of offerings makes it a perfect residential community within the master development."

Deyaar, which owns a number of strategically located plots in IMPZ, is slated to be one of the largest developers in this 43-million square foot master-planned, mixed-use community, which is situated close to major Dubai landmarks, including Dubai Internet City, Dubai Media City, Knowledge Village, Mall of the Emirates, Jebel Ali Seaport and the upcoming Al Maktoum International Airport in Jebel Ali. Conveniently located off Emirates Road, residents of Deyaar Enclave will enjoy additional easy access to the emirate's major gateways, Sheikh Zayed Road and Al Khail Road.

Deyaar Enclave will offer a comprehensive range of units, including townhouses with separate swimming pool and landscaped garden; duplex flats with terraces; one- and two-bedroom apartments as well as studio flats. Set amidst a state-of-the-art commercial and residential hub, the community will offer a wide range of amenities, such as a fully equipped gymnasium, pool and ping-pong lounge, aerobics room, squash courts, outdoor tennis courts, barbeque areas, kids' playground, lavish landscaped deck, and over 130,000 square feet of retail space.

The official launch of the project will be announced shortly.

"Being one of the world's largest business-to-business real estate forums in the world, Cityscape 2008 was the ideal platform for Deyaar to introduce its first residential mid-size community to the market. The sales launch for Deyaar Enclave will also be announced shortly,"

Giebel said.

Deyaar stands at the forefront of the emirate's property development sector, with most of the company's launches sold out within hours. Deyaar's projects, which enjoy high demand in the secondary market, span prominent locations across Dubai's master planned communities, including Jumeirah Lakes Towers, Dubai Marina, Downtown Jebel Ali and Business Bay, where Deyaar is one of the largest developers.