Al Fara reveals Dh10 bn plans

Al Fara’a Properties, the flagship subsidiary of the Al Fara’a Construction, Industrial and Property Group, has announced its plans to launch a series of new projects collectively valued at Dh10 billion within Dubai’s most sought-after real estate destinations by the end of 2008. The ten-fold expansion will reiterate the leading developer’s focus on providing quality built spaces and integrated services for regional and international clients through the unveiling of several high-profile commercial, residential and mixed-used projects.

Al Fara’a Properties said that the projects will be strategically located in Dubai Maritime City, Dubai Waterfront, Downtown Jebel Ali, and Al Reem Island.

The new batch of projects will incorporate the developer’s signature features, including additional amenities that give Al Fara’a Properties’ projects its distinctive edge, said a statement.

“We have developed a result-driven strategy based on the rapidly-maturing real estate climate to ensure the success of the upcoming projects we currently have in the pipeline,” said Natasha Gangaramani, director, Al Fara’a Properties.

The developer is now gearing towards the completion of its luxurious project, Le Grand Château, with delivery slated for the last quarter of 2008.

Following the recent launch of Image Residences, which marked Al Fara’a Properties’ initial foray into Downtown Jebel Ali, the developer has participated in high-profile exhibitions in the country and abroad, including Cityscape Abu Dhabi and the Property Investor Show (PIS) in Birmingham, the United Kingdom, in an effort to promote its latest development.

-Business 24/7-