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Work starts on Memon's $40m Gardenia towers

Dubai, March 31, 2009

Memon Investments, a leading Dubai-based property developer, has started the initial construction works on the Dh150 million ($40.8 million) ‘Gardenia I & II’ project, located in Jumeirah Village.

The groundbreaking ceremony follows the developer’s decision to award a Dh2.4 million shoring and excavation contract to the International Foundation Group (IFG).

The developer also announced that it has awarded a Dh520,000 elevator contract to Shanghai & Arabian Electromechanical (SAE).

“The uniqueness and quality that we have designed into ‘Gardenia I & II’ will add to Jumeirah Village’s growing reputation as a highly desirable mixed-use destination,” said Rizwan Shaikhani, joint managing director from Memon Investments.

Incorporating a mixture of residential, commercial and retail spaces, the project features residential apartments including studios, one-bedroom and two-bedroom units and loft apartments, with retail units on the ground floor.

An integrated master community spread across 811 hectares, Jumeirah Village is a mixed-use development that when complete will comprise residential and business units, retail outlets, international schools, hospitals, shopping malls, connected parks and boulevards, sports fields, mosques, cafes and restaurants.

“The largest inland project in our portfolio, Jumeirah Village is a major part of Nakheel’s vision to transform the desert of Dubai into a series of vibrant communities,” added Marwan Al Naqi, general manager, Jumeirah Village.-TradeArabia News Service




Tags: property | Jumeirah Village | Memon | Gardenia |

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