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Discuss this article (2 Comments)Dubai's Limitless ready to hand over 250 land plots
by This email address is being protected from spam bots, you need Javascript enabled to view it on Sunday, 26 April 2009
ON TRACK: Spanning 11 kilometres along Sheikh Zayed Road, Downtown Jebel Ali is located between the Jebel Ali Free Zone and Techno Park. (Getty Images)
Limitless has announced 250 plots of land are ready for handover to developers as work progresses on its Downtown Jebel Ali project.
Infrastructure work was on track and would continue as planned on the 200-hectare development, Limitless, a development arm of Dubai government-owned Dubai World, said in a release on Sunday.
A total of 122 developers bought land in the project
Dubai-based Cirrus Developments has begun construction of Celestial Heights, a three-tower complex in zone one of the project.
Limitless is developing The Galleries, an eight building complex of offices, apartments, retail and leisure facilities. More than 600 apartments, within four mixed-use towers forming part of the development, will be ready for lease by the end of 2009, Limitless said.
Spanning 11 kilometres along Sheikh Zayed Road, Downtown Jebel Ali is located between the Jebel Ali Free Zone and Techno Park.
READERS' COMMENTS
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right time
Posted by rob on Thursday 30 April 2009 at 13:06 UAE time
Its a developers market now, cheap construction costs and favorable payment terms, those developers with foresight its the right time to build.
Posted by rob on Thursday 30 April 2009 at 13:06 UAE time
Its a developers market now, cheap construction costs and favorable payment terms, those developers with foresight its the right time to build.
Who cares??
Posted by Joe, Dubai on Monday 27 April 2009 at 09:38 UAE time
Why would any developer start construction in this tough economic climate?
I believe Limitless has continued to move forward because once these plots are ready for handover a big payment towards the overall purchase of the plots is due to Limitless (good luck getting that money!). Even 6 months from now I cannot see Downtown Jebel Ali being a hotbed of construction activity.
Posted by Joe, Dubai on Monday 27 April 2009 at 09:38 UAE time
Why would any developer start construction in this tough economic climate?
I believe Limitless has continued to move forward because once these plots are ready for handover a big payment towards the overall purchase of the plots is due to Limitless (good luck getting that money!). Even 6 months from now I cannot see Downtown Jebel Ali being a hotbed of construction activity.
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