Work on Mudon Development restarts in Dubai

03/09/2012 - Dubai Investment News Posted by Neil King
Work on Mudon Development restarts in Dubai

Dubai Properties Group (DPG) - which is a member of Dubai Holding - has announced that it is to restart work on the Mudon Development project. The plans will see a total of 348 villas and townhouses completed in the heart of the city's growing Dubailand district. There has been a steadily increasing demand for high quality property in prime locations throughout Dubai. Interest is said to come from regional and international investors - as well as local residents. This is hardly surprising, as a wide range of similar developments appears to be constantly underway in Dubai. For instance, the Khaleej Times recently reported that development is proceeding on a raft of new footbridges to make it easier for residents and tourists alike to get around the emirate. The Dubai Roads and Transport Authority has begun work on 13 of the constructions, with a further 18 in the pipeline. DPG has restarted work on the very first phase of its own project, with a wide range of three and four bedroom townhouses due for completion within the coming 18 months. This has been designed with families looking for spacious units in mind - and it is characterised as upmarket and well-equipped accommodation comprising residential, retail and leisure components. Mudon is only around 15 minutes away from the centre of Dubai - and this convenient location is accessible from Emirates Road and Dubai Bypass Road. Chief executive of the DPG Group Khalid Al Malik said this is "a clear confirmation of the market recovery and Dubai Property Group's commitment to play an important role in the Real Estate Development of Dubai". "Our immediate priority is to delivering this first phase to retail investors, Mudon will be as successful as Layan, Al Waha and The Villa the other residential communities developed by us," Mr Al Malik commented.