Meraas plans Pearl Jumeirah land handover later this year

06 October 2010

Dubai property firm Meraas Development, which two years ago put its $95bn Jumeirah Gardens development on hold, has said the land from the project’s redesigned first phase is set for handover to investors later this year, Reuters has reported. The company, which provides infrastructure and sells land for the re-named Pearl Jumeirah project, a man-made island off the coast of Dubai, has already sold 45% of the sellable land for investors to build on, Sina al-Kazim, Meraas’ chief business development officer said. Land will be handed over to the investors by the end of November while the infrastructure - electricity, roads, water and sewage - will be completed by the first quarter of 2012, he told the news service at this year’s Dubai Cityscape.

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