Dubai developer delivers Russian project
Limitless and Moscow's RDI Group complete handovers of first phase
The first residential building has been delivered at Zagorodny Kvartal, Limitless ' joint venture project near Moscow, with handovers complete or in process on 46 apartments and six townhouses.
Some 384 units - 338 apartments and all 46 townhouses - are expected to be handed over during 2014 at phase one of Zagorodny Kvartal, a joint venture between Dubai's Limitless and Moscow's RDI Group. Four apartment buildings and 27 townhouses are due for delivery by the end of this month.
Zagorodny Kvartal's handovers are a major milestone in the project's progress, and proof that Limitless is moving ahead and delivering, the company said.
Spanning 14 hectares, phase one of Zagorodny Kvartal has 14 residential buildings containing a total of 728 apartments, plus 46 townhouses, retail facilities and an 8,000m2 park. Thirteen apartment buildings and 40 townhouses are currently under construction at phase one, where building work is around 60 per cent complete.
Buyers in Russia have so far purchased more than 400 homes - 370 apartments and 32 townhouses - at Zagorodny Kvartal, which is also open to all investors living in the UAE. Studios, one, two and three-bedroom apartments, and three and four bedroom townhouses are on sale.
Located 24km north-west of Moscow, Zagorodny Kvartal - meaning Country Quarter - is being built alongside the Moscow Canal. More than half of the master plan comprises communal, green, open space, bringing the great outdoors into the everyday lives of residents and visitors, and providing quality urban-style accommodation in a countryside setting.
Zagorodny Kvartal is part of one of the most rapidly-developing districts in the Moscow region. It is 4km from Sheremetyevo International Airport, 8km from the Moscow Ring Road and 10km from Kimki Business Park.