Tuesday, October 07, 2008

Dh350 billion Jumeira Gardens project


Meraas Development, a new real estate developer, has burst on to Dubai's property stage with the announcement of its first-ever project worth a staggering Dh350 billion and involving one of the world's tallest buildings - with varied microclimates and a mini-Manhattan.

Jumeirah Gardens will be a fully integrated, mixed-use development project located in the old Satwa area west of Shaikh Zayed Road and flanked by Al Diyafa Street and Safa Park.
The project aims to cater to a population of 50,000 to 60,000 residents.

The announcement comes amid a global market crash that has shattered investor confidence worldwide, but goes on to show that Dubai is determined to continue with the vision of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.


Meraas Development, a new real estate developer, has burst on to Dubai's property stage with the announcement of its first-ever project worth a staggering Dh350 billion and involving one of the world's tallest buildings - with varied microclimates and a mini-Manhattan.

Jumeirah Gardens will be a fully integrated, mixed-use development project located in the old Satwa area west of Shaikh Zayed Road and flanked by Al Diyafa Street and Safa Park.
The project aims to cater to a population of 50,000 to 60,000 residents.

The announcement comes amid a global market crash that has shattered investor confidence worldwide, but goes on to show that Dubai is determined to continue with the vision of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.

3 comments:

Fazrul Shahril said...

Salam Tuan,

Memang GAH.. proses pembangunan di Dubai.. orang lain sibuk2 dengan pembangunan Malaysia sekarang sibuk dengan politik jatuh menjatuh yang tak sudah2...

Sudah lah.. tumpukanlah pula pada pembangunan dan taraf ekonimi rakyat... jangan asyik bergaduh ja.. heee..

Fuga said...

this is crazy ... 350,000,000,000 with an expected pop of 50,000. You will have to find 50,000 people to buy a 7,000,000 property each ... and for them to afford a 7,000,000 property they will probably have an estimated net income of 100,000 a month ... so your talking about an area where the POP has a gross income of 5 billion a month .... By the time the construction boom has finished and assuming dubai reaches 90% of it's target, your talking about dubai with 5 million people with a virtual GNI of close to a trillion dollars per annum that's 200,000 per annum and that's twice the us GNI ...... the arabs are just nuts.

zoel said...

subhanallah......semoga Allah melimpahkan berkahnya jg pada negara kami shg bisa mewujudkan setidaknya kehidupan yg lebih baik bagi rakyat walaupun ta semegah negara orang....semoga pemimpin dan rakyat jujur dalam setiap tindakannya, tidak hanya mementingkan kepentingan sendiri atau golongannya...