Dubai Silicon Oasis releases 400 units of Cedre Villas project at Cityscape Dubai 2009

The 400 villas in the first phase of the project comprise, Executive Villas, Twin Villas, and Town Houses. The villas will be available with three architectural models, Modern, Traditional, and Islamic and will be offered at very competitive rates in relation to current market prices.

In addition, DSOA also announced the remaining finishing works for the Dhs1.55bn villa development is proceeding as scheduled while more than 280,000 cubic meters of concrete have already been laid out for construction.

DSOA's announcements are in line with its mission of meeting the professional and residential requirements of all companies operating from within the high-tech park.

Eng. Muammar Al Katheeri, Chief Officer - Engineering Management at Dubai Silicon Oasis Authority, said:

"We are proud to release the first phase of the Cedre Villas development during Cityscape Dubai. We are also directing all our efforts towards the timely completion of the multiple stages comprising this project."

Al Katheeri added, "This landmark development comprises spectacular villas built with up to 40% more space than the available villas in the market, and are built in accordance with international quality standards that reflect the commitment of Dubai Silicon Oasis in creating an integrated community for those living and working in the region's pioneering technology cluster."

Arabtec Holding is contracted to lay the finishing works for the gated community that is strategically located on the Emirates Road. The development offers residents an exclusive club house, a shopping complex, health and leisure facilities, swimming pools, schools and academies, hospitals, play areas and other lifestyle necessities.

Riad Kamal, Managing Director of Arabtec Holding, said, "We are committed to providing the highest quality of work and delivering the project on time. Our determination to create a landmark development further reaffirms our distinctive track record even during challenging times."

Dubai Silicon Oasis is a wholly-owned entity of the Government of Dubai and operates as a free zone technology park for the semiconductor, microelectronic and other high technology-based companies looking to set up their regional headquarters and R&D facilities in the Middle East and Africa region.

The 8th edition of Cityscape Dubai has brought together over 30,000 high-ranked real estate investors, developers, financiers, consultants, government bodies, architects, and urban planners.