Dubai Properties to hand over 5,000 units

DUBAI -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.

By A Staff Reporter

Published: Thu 7 Feb 2008, 9:28 AM

Last updated: Sun 5 Apr 2015, 12:20 PM

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.