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Dubai Properties announced yesterday it will launch and hand over
approximately 5,000 commercial, residential, and retail units from
across its diverse portfolio of projects during 2008.
In addition, Dubai Properties will be opening
100 outlets at The Walk at Jumeirah Beach Residence by April 2008. Some
of the initial outlets to will include renowned brands such as
Starbucks, Subway, Mothercare, Verri, Fat Face, Butlers, Boots, Damas,
Jumbo Electronic, Al Rasasi, Giordano, Tips & Toes, and Bata. Over
300 additional outlets are scheduled to be open by the end of June.
Mohamed
Binbrek, Chief Executive Officer, said: "Apart from developing unique
communities, Dubai Properties is committed to ensuring the timely
release of its completed units. Following the enormous success of 2007,
we are looking forward to a year of massive business expansion and
project handovers."
"The handover of residential and commercial
units, as well as the launch of new projects, will significantly
contribute to meet the emirate's escalating demand," he added.
Referring
to the leasing projects handled by Dubai Properties, Binbrek added:
"Meanwhile DP is leasing 2568 out of the 2611 units available at
different areas in Dubai including JBR, Cordoba Villas, Dubai
HealthCare City, Al Quoz Community Housing and DP staff accommodation."
2008
will witness another milestone for DP in adding 5028 flats and villas
to its leasing portfolio in Mirdiff areas, additional units in
Executive Towers, the Office Park Building and Al Qouz Community
Housing. This will bring the total number of units available for
leasing at Dubai Properties to 7600 units, added Binbrek.
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