Gardenia I and II launched in Jumeirah Village South

 

Memon Investments, the Dubai property developers have announced the launch of their first project in the Jumeirah Village South district of Dubai. Gardenia I and II is a residential, commercial and retail project which will offer a total of 170 residential units in the central Jumeirah Village South area.

 

Gardenia I and II, which is valued at AED 150 million, is Memon Investments first project in the Jumeirah Village South district, following previous projects in the Dubai Sports City and Silicon Oasis regions. The project is due for completion in 2010, and an Escrow account is in place for the project with the Commercial Bank of Dubai.

 

Designed around a charming Mediterranean theme, the Gardenia I and II projects will offer 170 residential units, which will comprise of 60 studios, 68 one bedroom apartments, 22 two bedroom apartments, 7 townhouses and 13 loft apartments. 8 retail units will be available on the ground floor.

 

Abu Baker Shaikhani, Chairman, Memon Group, said, 'This is our first project in Jumeirah Village South, and a lot of market research and planning have gone into the conceptualization of this residential project. Location has always been a key factor for us and we are pleased to get a prime spot, which is very close to the Central Park and Cultural Centre, both of which are at the heart of the development. We are highly optimistic about the sales prospects of the development, especially after taking into account, factors such as the superior quality of the development, excellent location, and also the ease of access to Emirates Road, Al Khail Road and other major roads.'