The projects reflect the strong performance of UAE’s real estate sector, which grew 1,200-1,500% between 2000 and 2007 according to figures recently released by Dubai’s Real Estate Regulatory Authority and Dubai Land Department.
All four projects, each worth at least Dhs150m, will be featured at stand number RF 10 at Rashid Hall. The Dhs650m, 64-storey Abjar Tower, the tallest structure in Jumeirah Village South, is designed as a premier destination for international living. Its amenities include a shopping area, gym, swimming pool, sports field, playground, salon and coffee shop. The Dhs350m, 41-storey residential Stallion Tower features a unique geometrical design and is specifically designed to accommodate an exclusive and distinctive lifestyle.
Eng. Fahad Ali Mousa, Chairman, Khuyool Investments, said:
“The projects we are displaying at Cityscape 2008 reflect our commitment to building state-of-the-art facilities that appeal to all types of residents and give a taste of international living. Our company aims to become a top multi-business organization within three years; the property sector is an important element of this plan, and these four developments show how we want to be known for excellent design, strategic positioning, and sustainability in this field. Cityscape’s reputation as a premier global industry event makes it the perfect platform for us to take a step further in achieving our vision for the company and for our real estate ventures in particular.”
The two other Khuyool projects included in the trade show are the Muhra and Faras Buildings, both valued at Dhs150m a piece. Both developments feature elegant interior and exterior designs, blending classic charm with modern architectural elements. They are also meant as serene getaways from the frenetic pace of city life. Muhra Building’s parking area can accommodate 282 vehicles, while Faras Building can handle 121. All four properties are strategically located at Jumeirah Village South, which is in close proximity to Dubai Media City, Dubai Internet City, Jebel Ali, and other free zones.
Eng. Kussay Al Sheikh, CEO, Khuyool Investments, said:
“We build our properties with an eye for the details that will fully satisfy residents, not just our operational targets. The options for real estate development in the country and in the region are so diverse and highly competitive that developers could lose sight of their true priority – the person who will be living in the structures they build. Through these projects, Khuyool proves that it exerts its utmost efforts to ensure that our projects provide the kind of lifestyle that our valued clients have worked so hard to attain.”
Dubai-based Khuyool Investments was founded by Eng. Fahad Ali Mousa and Eng. Kussay Al-Sheikh, two of the UAE’s most prominent entrepreneurs. The group of companies has diverse interests in sectors which include property development, machinery and equipment trading, interior designing, crusher and quarry production, among others. Khuyool is diversifying its investment portfolio within and outside of the UAE; it is represented in Syria by Al Sheikh Investment and maintains a subsidiary in Beirut, Lebanon. The company has so far announced Dhs8bn worth of local real property investment plans, and will soon unveil a number of major developments in Jordan, Syria, UK, Kazakhstan, Pakistan and India.
Sunday, September 28- 2008 @ 15:16 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.