Investment’s Dh 1.3B Projects On Track Memon Investments, a leading Dubai-based property developer and part of the Memon Group of Companies, has announced that it is on track with the construction of all its projects in Dubai, which are collectively valued at Dh1.34 billion. he developer is asserting its commitment to delivery despite the massive delays and cancellations of 48 real estate projects in the UAE, the company said in a Press statement. The first development within its ‘Champions Tower’ series, and the ‘Cambridge Business Centre’, are expected for delivery by the end of 2009.
Having strictly adhered to the Escrow Law and registered with the Real Estate Regulatory Agency, or RERA, the developer is expecting a boost in investor confidence as a result of its efforts to ensure security for investments, the statement added. he global recession has created an astounding backlash to the regional real estate sector that has even the largest real estate players in the region reeling from its blows,” said Ahmed Shaikhani, managing director, Memon Investments. “We are proud to be still standing strong amidst the downward momentum that is sweeping the regional real estate market, and we believe that this has been the result of our unwavering commitment to meeting our clients’ needs.
