Dubai Properties' Dh50 bn worth Culture Village progressing at full steam
Dubai Properties, a leading master real estate developer, said that the work on Dh50 billion Culture Village project is going on in full swing and are 90 per cent through with the Dh500 million infrastructure works.
Hashim Al Dabal, Executive Chairman, Dubai Properties Group, said: "Culture Village is an important element of Dubai Properties' total portfolio. It gives me great pride to witness the steady realization of a dream that began when Dubai's leadership envisioned a project that would strengthen our city's art and cultural offerings."
Dubai Properties recently premiered Culture Village's residential property Babil at Harrods in London to an excellent reception from realty investors. Canal works within the 40 million sq. ft. Culture Village site, situated next to the Garhoud Bridge along the Dubai Creek, is 95 per cent complete. While the residential, commercial and retail districts within the real estate project are being developed by 15 private developers. |
