Issue No 283 - 15 Sep 2008
Dubai Properties unveils Babil at Paris show

Dubai Properties recently hosted an exclusive event in Paris to showcase its latest residential development ‘Babil’ at the Dh50 billion ($13.6 billion) Culture Village.

Designed as a unique, six-storey residential building, including 159 residential units amidst an old-souq area, the key components of Babil were unveiled to an invited audience of high net worth European investors at the Ritz Hotel in Paris.

The event followed the successful launch of the new development at the Harrods’s in London, where Babil generated significant interest from strategic investors.

Culture Village will span over 40 million sq ft and feature wide open spaces, traditional wind towers, cobble stone walkways, unique sculptures, waterways topped with bridges, creek side souks, restaurants and cafes, an amphitheatre for live performances and cultural festivals, an exhibition hall and museums.

The development will also comprise serene residential communities, vibrant retail and commercial sectors, academic institutions, schools, art colleges, and learning centers for dance and other crafts.

As one of its centerpieces, the 215-suite Palazzo Versace Dubai will sprawl over 429,509 square feet of prime land comprising 220 condominiums, restaurants, a spa and 204 luxury villas that will be furnished with an exclusive line of products from the Versace Home Collection.

A premium waterfront development offering unobstructed views of the Creek, the Dh2.56 billion resort is scheduled for an opening in 2009.

Dubai Properties projects represent a diverse spectrum of residential, commercial and mixed-use developments including Business Bay, The Villa, Jumeirah Beach Residence and Tijara Town.

Source: Trade Arabia News

PO Box: 7553, Dubai, UAE
Tel: +971 4 331 3122 Fax +971 4 331 3126