Memon Investments to launch projects worth Dh2.5 billion

DUBAI-Memon Investments has announced its plans to launch 10 projects collectively valued at Dh2.5 billion in the second half of 2008.

By (By a staff reporter)

Published: Sat 21 Jun 2008, 11:44 PM

Last updated: Sun 5 Apr 2015, 1:12 PM

The developer further announced that it has identified major master developments in Dubai, including Jumeirah Village South, Dubai Sports City and MIZIN as locations for its new projects, which will include luxury residential, commercial and mixed-use developments. The announcement is in line with the developer's expansion plans to launch projects in the other emirates as well as in Qatar, Oman and Saudi Arabia.

The developer's portfolio is currently valued at Dh410 million and includes high profile residential and commercial projects including the Champions Towers I, II and III in Dubai Sports City and Cambridge Business Centre in Dubai Silicon Oasis. These projects have witnessed tremendous success in terms of sales performance.

"The emergence of high profile community developments in Dubai, which are continuously gathering global acclaim signify the emirate's progress in full swing, and as a leading developer who is fully backed with the right vision, resources, and alliances, we are in the optimum position to leverage this opportunity," said Ahmed Shaikhani, Managing Director, Memon Investments.

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