Dubai-based
Nakheel
,
one of the world's largest privately-held property developers,
announced that it has begun construction work on Emirates, the tenth
and final precinct in its International City residential district
project.
Scheduled to be completed by the third quarter of
2009, Emirates will feature 856 studios and 756 one-bedroom residential
units, in addition to 52 commercial units.
Engineer
Rashid Al-Helli, Director of International City, said the Emirates will
be based on traditional regional architecture. Currently, the
internationally-themed communities include China, England, France,
Greece, Italy, Morocco, Persia and Russia.
International
City was designed as an integrated multi-purpose development to cater
to the increasing demand for affordable housing in Dubai. Nakheel
forecasted that the residential project will be home to over 70,000 people by the end of 2008.
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