Memon Investments’ 150 Million Project Begins Construction.

Jumeirah village will now be seeing the construction of Memon Investments newest freehold real estate project. Memon has recently announced it has started construction works, issuing a AED 2.4 million contract to the excavation company the International Foundation Group. The AED 150 million Gardenia I and II has received a good response despite the difficult times the Dubai real estate market now finds itself experiencing. With most Dubai real estate developers looking towards cancelling projects or at least putting them on hold for the foreseeable future, it say a lot for Memon that they are able to generate such interesting in the project and proceed ahead without any problems. Many developers have been pushed to the limits with the new restrictions and laws that the Dubai Real Estate Regulatory Agency has implemented, plus a big difficulty in obtaining finance for projects, not to mention the fall of in interested property investors. However Memon has built a good reputation as a reliable and trust worthy developer and looks to have everything in place to proceed successfully with the project. So what is on offer?

Well the Gardenia 1&2 will feature residential, commercial and retail property, all within a central location at Jumeirah Village South. Located near the Culture Centre and the Central Park area, it is designed with a Mediterranean theme running through the project and its architecture. Memon state the development will be meticulously designed so as to offer an authentic Mediterranean experience, with homes featuring rustic arches, carved doors, tilled roofs and marble floors to mention but a few of the special features to be found throughout the residential area. Interested buyers can pick and chose from studio, one and two bedroom apartment plus loft units, and ground floor apartments will be available on a rental basis. With commercial and retail real estate also on offer here, Gardenia has quite a lot to get buyers interested in these hard times. Memon has said positive feedback from investors gave it the incentive to go ahead with construction. If that is the case, then units at the development may not hang around for long, as most property located at Jumeirah Village has proven to be a highly popular development in Dubai properties.

Looking to sell Dubai property at a good market price? Contact us today.
 

• Rate this Post!

  Select Your Rating:

  • 5 Stars (Excellent!)
  • 4 Stars
  • 3 Stars
  • 2 Stars
  • 1 Stars (Poor)

• Share this Post

  Share With A Friend:

  Your Name Your Email

  Friend's Name Friend's Email

  Optional Message

  Send

• Print
• Social Bookmarking

  Add to Bookmarks: