Business | Property
Tatweer arm launches new project in Dubailand
Mizin, the real estate development arm of Tatweer, unveiled Remraam, the first of its kind large-scale development combining upscale community living with value for money to suit a wide base of potential homeowners.
- Staff Report
- Published: 23:03 October 15, 2007
Dubai: Mizin, the real estate development arm of Tatweer, yesterday unveiled Remraam, the first of its kind large-scale development combining upscale community living with value for money to suit a wide base of potential homeowners.
The 23.5-million-square-foot project will be located in the heart of Dubailand, next to Global Village and the famed Bawadi Boulevard. It will feature studios, one-bedroom, two-bedroom and three-bedroom residences varying in price between Dh355,000 and Dh1.4 million.
Named after a plant that grows naturally in the UAE, the Moorish-themed development promises low-rise architecture, a range of leisure and retail offerings, high quality standards and attractive location within Dubailand.
The entire Remraam community will be set in a landscaped area that represents nearly 85 per cent of the total project.
New standard
Sami Al Hashimi, chief executive of Mizin, said: "The Remraam Community will once again reiterate Mizin's status as a real estate innovator that redefines industry standards. It is the embodiment of our vision and new approach to property development that is built around the consumer's perspective.
"In the past, value for money was offered at the expense of four major aspects - location, building quality, community facilities and the theme or the architectural style. What we have managed to achieve with the Remraam Community in terms of its value proposition is unprecedented for Dubai."
Dedicated amenities such as landscaped parks, underground parking, outdoor swimming pools, children nurseries, fully-equipped gymnasia, tennis and basketball courts will feature in every phase of the development.
Each phase also includes a neighbourhood shopping complex and a mosque. The development also includes a mall that contains department stores, retail areas, a library, an art gallery, a food court and a culture centre.
Business Editor's choice
-
‘Wrong Way' Krugman
The source of our economic malfunction lies with government-mandated bank regulations
-
Greek exit could make Eurozone stronger
Departure will show limits of bailouts and allow remaining members to act much more like a unit
-
UAE upholds values of free trade
Recently released statistics confirm an established fact, namely that of the UAE embracing the free trade principle in general and imports in particular
