Middle East 5

Pearl Dubai starts work on the first phase of Dubai Pearl

Pearl Dubai, a group of investors led by Al Fahim Group, has stated construction work on the first phase of its mixed-use real estate development, Dubai Pearl.

Abdul Majeed Al Fahim, Chairman of Pearl Dubai, said: "Pearl Dubai registered an overwhelming response from investors during the first two launches of its commercial and residential units in 2008. The market feedback has emphatically reiterated the high level of confidence Dubai Pearl enjoys amongst investors.

With the completion of scaffolding and site hoarding, and the obtaining of mobilisation permit from TECOM Investments, Pearl Dubai has begun mobilising contractors for the foundation works of the landmark real estate project in Dubai. The Dubai Pearl project is located in the heart of Dubai Technology and Media Free Zone (TECOM Investments), overlooking Palm Jumeirah in the emirate of Dubai. The real estate project is scheduled to complete by December 2010 and will have a built-up area of more than 15 million square feet.

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