DSOA unveils AED 1.55 billion investment in Villa complex (UAE)

Dr. Mohammed Al Zarouni, Vice Chairman and Chief Executive Officer- Dubai Silicon Oasis Authority (DSOA), unveiled today a landmark development valued at AED 1.55 billion (approx.€ 27 billion) in the Dubai Silicon Oasis (DSO), the region's premier integrated innovations hub for high-tech industries. The project, which is scheduled to finish by the first quarter of 2010, includes 1,042 residential villas and offers lifestyle choices never before on offer in the region in general and in the UAE in specific. Construction on the region's most attractive destination has begun, where the urban community is taking shape at the Dubai Silicon Oasis city, in Dubai, United Arab Emirates.

Artist impression of the
Dubai Silicon Oasis villa

Dr. Mohammed Al Zarouni said: "The Dubai Silicon Oasis is a city within a city providing the perfect place to live and work for investors, entrepreneurs, and skilled talents in the technology industry. We believe that providing high quality standards in a safe and comfortable environment is a fundamental requirement for our partners at DSO. Therefore, we made sure that projects under development at DSO, assures the highest International standards in term of Quality, Facilities, and Services."

He added: "With the authority's initiatives to attract technology companies from different parts of the world to establish regional operations, DSOA saves no effort in providing a comfortable environment for employees operating at different companies within the city. With the quality standards set, this development project is expected to mark an exciting new chapter in the record of the region's first technology city. This landmark development will set the standards for future projects planned in the country, especially with the quality of design, area, and landscape."

The project is set within Dubai Silicon Oasis city which is strategically located on the emirates road; thus providing easy access to all the corners of Dubai. The complex is developed as a gated community area with exclusive club house, shopping complex, swimming pools, play areas and many other quality lifestyle initiatives. The villas will be classified into four categories. These include Luxury, Executive, Twin, and Town villas. These villas will spread over 5,210 square feet, 3,186 square feet, 2,729 square feet, and 2,476 square feet respectively. What is worth mentioning is that the project joins three worlds together, for villas with the same layout will be built in three styles namely Arabic, Traditional and Modern; thus adding more choice to suit the requirements of the community residing in the silicon oasis.

Dubai Silicon Oasis has been designed to function as a real integrated community. Schools, academies, hospitals, shopping centers, health and leisure facilities, and many other quality lifestyle necessities are expected to be established within the silicon oasis. Additionally, during the first phase more than 1,100 apartments, 560 villas, and several hotels have been built for the community within, all of which assemble the environment of choice for people living and working in Dubai Silicon Oasis.

Dubai Silicon Oasis is a wholly-owned entity of the government of Dubai and operates as a free zone technology

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