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Dubai Maritime City phase two sells out

Dubai Maritime City phase two sells out

Dubai: The second phase of the world's first purpose-built maritime city, Dubai Maritime City, has completely sold out, following in the footsteps of the plots in its first phase, which also sold out just a few days ago. "We believe the key factor behind such rapid sales is the understanding that Dubai Maritime City is not only a real estate project; but rather, incorporates many attractive elements that will make it play a pivotal role in supporting the maritime industry of Dubai and the UAE in the near future," said Khalid Meftah (pictured), senior manager of the property operation department, Dubai Maritime City.

"The excellent economic and legislative potential of the project, such as its free-zone benefits, responsive government support, a tax-free business environment and an effective port structure, will sustain its long-term viability and encourage similar successes throughout the entirety of its sales program," he adds

The complex, which is a member of the Dubai World Group of companies, is currently in its third phase of construction and expects to begin work on the residential and commercial projects in the near future. On completion, Dubai Maritime City will encompass the six districts of harbour offices, harbour residences, the maritime centre, an academic quarter, a marina district, and the industrial quarter managed by Jadaf Dubai.

The project, which is is being built to extremely high environmental standards, will also incorporate the UAE's first National Maritime Museum, a range of iconic infrastructure, and the Gulf region's largest ship lift for ship repair and maintenance.  [28/11/07]