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Friday, November 27 - 2009

Construction begins on Memon Investments' Gardenia project in Jumeirah Village

  • United Arab Emirates: Tuesday, March 31 - 2009 at 15:00
  • PRESS RELEASE

Memon Investments, a leading Dubai-based property developer and part of the international business conglomerate, the Memon Group of Companies, has kicked off the initial construction works on the Dhs150m 'Gardenia I & II' project, located in Jumeirah Village.

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  • Construction progress on the 'Gardenia I & II' project.
    Construction progress on the 'Gardenia I & II' project.
The groundbreaking ceremony follows the developer's decision to award an Dhs2.4m shoring and excavation contract to the International Foundation Group (IFG).

The developer also announced that it has awarded an Dhs520,000 elevator contract to Shanghai & Arabian Electromechanical LLC (SAE). Present during the event were top company officials, including Ahmed Shaikhani, Managing Director, and Rizwan Shaikhani, Joint Managing Director from Memon Investments; and Dr. Khalil Charif, Managing Partner, International Foundation Group.

Under the terms of the contract, IFG will commence foundation works involving shoring and piling excavation using their high rated piling systems, concrete diaphragm walls, excavation support and earth retention systems. The company has appointed a team of industry professionals comprising site managers, project engineers and supervisors to ensure that the completion of the first phase will proceed in accordance with the schedule set by the developer. The success of the project's recent unveiling and the positive response it generated from potential clients has influenced the decision to proceed with construction.

"The property sector is undergoing a tentative period due to uncertainties in regional and global economies. We are thus pleased with the warm response this project has received, which provides us with the motivation to fast-track development. The uniqueness and quality that we have designed into 'Gardenia I & II' will add to Jumeirah Village's growing reputation as a highly desirable mixed-use destination. Our strategic partnership with International Foundation Group also affirms our commitment to maintaining the highest development standards for this project,"


said Rizwan Shaikhani.

Located centrally within Jumeirah Village, near the Cultural Centre and the renowned Central Park, 'Gardenia I & II' is splendidly designed and meticulously crafted to offer residents a charming yet authentic Mediterranean experience.

Incorporating a mixture of residential, commercial and retail spaces, the project features residential apartments including studios, one-bedroom and two-bedroom units and loft apartments, with retail units on the ground floor.

The 5-storey residential development has been designed by Dimensions Engineering Consultants (DEC) and incorporates stuccoed walls, tiled roofs, rustic arches, solid wrought iron balcony grills, carved doors, ornamental spiral columns, marble flooring and thematic and floral designs to create a Mediterranean ambience.

"It is critical that the proper foundations are put in place during the initial phases of property construction, which is why we have been chosen to perform shoring and excavation for this major project. Our extensive technical expertise ensures the creation of an understructure that meets Memon's strict quality and scheduling standards. We look forward to working on this high-profile property and are confident that we can easily meet Memon's completion schedule," said Dr. Khalil Charif.

An integrated master community spread across 811 hectares, Jumeirah Village is a mixed-use development that when complete will comprise of residential and business units, retail outlets, international schools, hospitals, shopping malls, connected parks and boulevards, sports fields, mosques, cafes and restaurants.

Developed by Nakheel, one of the leading developers in Dubai, the project is 20 minutes from the Dubai International Airport, five minutes from JAFZA, and 50 minutes from the Abu Dhabi airport.

The combination of strategic location and the conveniences of a luxury community project have attracted Memon Investments to choose Jumeirah Village as the home for its latest projects.

"The largest inland project in our portfolio, Jumeirah Village is a major part of Nakheel's vision to transform the desert of Dubai into a series of vibrant communities. Memon Investments meets the high standards we demand from all of our partners across project delivery, quality and sustainability," concluded Marwan Al Naqi, General Manager, Jumeirah Village.
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Notes and media contacts

About Memon Investments LLC
Founded as the property development arm of the international business conglomerate, the Memon Group of Companies, Memon Investments has grown to become a leading property player in the region offering a diversified portfolio of premium property projects. Guided by a tradition of excellence, the developer's intense focus lies within its core competencies, specifically acquisition, design and development, consultancy, leasing and management of properties. Leveraging the Memon Group's extensive real estate development experience, Memon Investments' UAE portfolio comprises of prestigious residential projects including 'Champions Towers I, II, III, and IV' and 'Frankfurt Sports Tower I' in Dubai Sports City; 'Gardenia I & II' in Jumeirah Village South, and its inaugural commercial venture - 'Cambridge Business Centre' in Dubai Silicon Oasis, all of which embody the developer's trademark top-notch quality and uniqueness.

Having delivered over 30,000 units across the globe with a presence in 90 countries spread across Asia, Africa, Middle East and Europe, the Memon Group of Companies is presently commemorating its 30th year of delivering unique offerings and services to its global customers. In addition to its extensive expertise in the real estate market, the Group has also built a strong reputation for its unwavering support for various causes such as poverty alleviation, environmental conservation and academic development. As a socially-aware international corporation, the Group has devoted 19 years in support of the Rabia Charitable Foundation and the Rabia Relief Fund.

For any questions or to arrange an interview please contact:
Ms. Princy Philip
Sr. Manager - Marketing & Corporate Communications
Memon Investments LLC
P.O. Box 41950, Dubai, U.A.E
Tel: +971 4 2688111
Fax: +971 4 2626455
Mob: +971 50 2590860

CommuniGate Middle East
P.O. Box 66861, Dubai, U.A.E
Tel: +971 4 3988134
Fax: +971 4 3988137

About Nakheel
Nakheel is one of the world's largest privately held real estate developers, and a key player in realising the vision of Dubai for the 21st century: creating a world class destination for living, business and tourism.

Nakheel is developing an iconic portfolio of innovative landmark projects in Dubai, and now in key markets around the globe, across a range of sectors - residential, commercial, hotels, retail, and leisure. Nakheel's projects are conservatively estimated to be worth US$80 billion. Upon completion, Nakheel's waterfront projects will have added more than 1,000km of shoreline to Dubai's coastline.

Nakheel's Dubai portfolio includes Palm Jumeirah, Palm Jebel Ali, Palm Deira, The World, Waterfront, Jumeirah Islands, Jumeirah Village, Jumeirah Park, Jumeirah Heights, The Gardens, Discovery Gardens, Ibn Battuta Mall, Al Furjan, International City and Dragon Mart.

Nakheel is a key entity within Dubai World. Dubai World is one of the world's largest holding companies and supervises a portfolio of businesses and projects for the Dubai Government across five continents and more than 100 countries.

Gemma Mitchell, Senior PR & Communications Executive
+971 4 375 9997 / +971 (0) 50 654 7652

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