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Quattro set to come to the fore

  • United Arab Emirates: Tuesday, July 25 - 2006 at 11:18
  • PRESS RELEASE

In what is regarded by many as one of the most desirable locations in Dubai's burgeoning property market, an exciting new, one billion dirham development was unveiled today by Limitless, the first integrated master developer in Dubai and a business unit of Dubai World.

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The Quattro Hotel and Business Park is one of the first projects to be established in Jumeirah Village South Circle, which is superbly situated on the junctions of Emirates Road, Barsha Road and Al Khail Road.

Quattro is a totally integrated business and retail, mixed-use development that will be set amidst luscious landscaping, connected parks and boulevards, offering a diversity of leisure and lifestyle amenities. It will comprise two business towers and two 143 room business hotels.

"The master-plan provides for a unique urban setting featuring practicality and beauty working in perfect harmony," says Hesham Al Ghani, consultant and architect for the project. "Retail, office and residential will stand side-by-side as part of an integrated, balanced master community which was planned to satisfy the needs of all residents."

While there are many features to attract residents and investors alike, top of the list is the development's location. It will be 5 minutes from Jebel Ali Free Zone and all the numerous new attractions under construction in Dubai such as Sports City, Dubailand and Al Bawardi, which is being nicknamed the 'new Las Vegas'.

Accessibility to international airports will also be unrivalled with a journey time of approximately 10 minutes to Jebel Ali or 20 minutes Dubai International, 50 minutes to the fast expanding Abu Dhabi Airport and just 35 minutes to Sharjah.

The Quattro Hotel and Business Park will have the highest parking ratio of any development in Dubai, another strong selling point. There will be five floors of parking per building.

"The international standard is one car plot for each 50m2 and in Quattro we have exceeded this ratio," says Al Ghani.

Extensive research and planning was conducted resulting in everything within Quattro being centralised and accessible within the 2km 'circle' which comprises the site.

"Virtually everything that is required for living in Dubai is not only within a five minute drive -more significantly it will be connected by an internal transportation system that connects with all the shopping centres, sports centres in Jumeirah Village and also to the new Dubai Metro, allowing access to all other areas of Dubai by convenient public transport," adds Al Ghani.

Each building will have its own gym and swimming pool, smart high speed elevators, roof gardens, state of the art communications facilities and a variety of different swimming pools. Another distinctive feature is that the two office towers are designed in such a way so as to provide scenic views from all offices.

High quality finishing will be standard and the building will adopt an open space concept for maximum space efficiency

"The hotel will complement the business towers, offering all the amenities business executives might need, from conference facilities, executive health club, banquet hall, retail outlets and business lounges," adds Al Ghani.

Hesham El Far, Managing Director of Coldwell Banker, says that despite the prospect of 30,000 new residential units set to come onto the market this year he doesn't expect any slow down in the market and more importantly expects Quattro to become one of the most sought after projects in Dubai.

"250,000 people moved to the Emirate last year," he said. "They will continue to be drawn by exciting new, cost effective developments such as Quattro, which has a unique set of attractions to set it out from the rest."

El Far adds that the cost of office space in Quattro will be very attractive which in turn can help business yields or make for excellent capital appreciation.

"The affordable prices will make this project even more attractive for companies to buy rather than lease in future years," he said. "There will be a guaranteed return of 10 per cent over 3 years. Other attractive offers include pre launch discounted prices for purchasers in the business towers, retail outlets and hotels."

Partners in the project in addition to Limitless include Dimensions - the architect and consultant, Rufi Real Estate, Sharm Land and A&A Investments.

Dimensions has numerous projects across Dubai, including Dubai Marina, Jumeirah lakes Towers, Sheikh Zayed Road and in many of the other projects underway across the UAE. They also have offices in Egypt, Washington, USA, all the Emirates- with the exception of Um Al Quwain) Qatar and Oman.
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Notes and media contacts

Issued on behalf of Coldwell Banker by Four Communicatons.

About Coldwell Banker:
For 100 years, the Coldwell BankerŪ organization has been a premier provider of full-service real estate. Coldwell Banker Real Estate Corporation, a subsidiary of Cendant Corporation (NYSE: CD), has more than 3,700 independently owned and operated residential and commercial real estate offices with over 120,000 Sales Associates globally.

For further media information contact:
David Baker
Four Communications Group plc
T. +971 4 362 5131
F. +971 4 362 5358

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