Tuesday, 29 September 2009

Meraas to exhibit at Cityscape

Now this I've got to see....will they be in the urban demolition section?
Source: ConstructionWeekOnline
Meraas, the developer behind the US$95.2 billion Jumeira Gardens project, will be exhibiting at Cityscape Dubai in October after remaining out of the public eye for a year.
Jumeira Gardens was unveiled by Meraas at last year’s exhibition and was pitched to be built over 12 years, across an area north of Sheikh Zayed Road between Diyafa Street and Safa Park. There will be several major parks and a number of smaller community parks, while a large canal will run through the heart of the development and will flow, at one end, into the Business Bay Canal and at the other end, out to the sea.
The current status of the project, which also contains three major skyscrapers, has been uncertain since March this year when the project was scaled back.
In a statement, Cityscape said the Meraas had reappeared in order to “demonstrate its confidence in the real estate sector in Dubai.”
“We have been emphasising for some time now that the objectives for many developers exhibiting at Cityscape Dubai is to reassure existing and potential investors,” said Rohan Marwaha, managing director, Cityscape.
“Clearly, no-one is expecting to see multi-billion dollar project launches or major finance deals being brokered. Instead they will be focusing on transparent progress reports on existing projects with realistic completion milestones and handover dates.”
Joining Meraas will be Dubai Properties, and major developers Emaar and Nakheel. Two weeks ago ConstructionWeekOnline.com revealed Nakeel and Emaar were planning to stay away from Cityscape until both companies revised their decision shortly before Eid.

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