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Dubai Investments Park work announced

Residential projects valued at over US $5.5 billion (AED20 billion) will be constructed in the Dubai Investments Park (DIP) development during 2007.

Projects worth US $5.5 billion will be built in Dubai Investments Park during 2007
Projects worth US $5.5 billion will be built in Dubai Investments Park during 2007

Residential projects valued at over US $5.5 billion (AED20 billion) will be constructed in the Dubai Investments Park (DIP) development during 2007.

A consortium of firms has earmarked seven major developments for phased construction during the year. The projects will be spread over an area of 3,200 hectares.

The largest new scheme in DIP is the Palisades project, which is being developed by Pearl Properties. Other developments include the Ritaj, which is scheduled for construction by Dubai Investments Real Estate; and Dunes Village, which is being created by Manazel Real Estate and Alserkal Properties and will include 19 residential towers.

In addition to the residential projects, DIP will include six international schools, a healthcare centre and shops.

It is located close to Jebel Ali port and the site of the future international airport at Jebel Ali.

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Construction Week - Issue 767
Sep 01, 2020