Dubai Silicon Oasis Announces 100% Completion Of Its Cedre Villas Project

Dubai Silicon Oasis (DSO), the region’s integrated free zone technology park, today announced the delivery of Phase-2 of its 1,047 Cedre Villas project, comprising a variety of exclusive and spacious villas. Phase-2 includes 647 units that are ready to move into with water and electricity connected.

Following the phenomenal success of Phase-1 of the development which saw 400 villas launched in October 2009 and completely sold out, DSO adds another 647 villas bringing the total to 1,047 units. Of the 647 units in Phase-2 DSO has already received pre-bookings for over 30 percent of units.

Located within the 7.2-square km state-of-the-art integrated high-technology free zone, the 1,047 Cedre Villas development comprises of luxury, executive, town house and twin villas ranging between 3 to 5 bedrooms. The villas are available in three architectural models – modern, traditional, and Islamic – and are being offered at very competitive rates.

Eng. Muammar Al Katheeri, Senior Vice President of Engineering Management at Dubai Silicon Oasis Authority, said: “We have succeeded to sell and lease phase-1 of the development and today we add another remarkable milestone by releasing additional units into the market. Consistent efforts to maintain quality and strict adherences to timelines have facilitated the completion of construction ahead of schedule.”

“This accomplishment also ensures our commitment to exceed customer expectations. The demand has been quite remarkable for Phase-1 and despite current market conditions Phase-2 has received an enthusiastic response. We are confident that Cedre villas development will continue to receive high interest.”

Located within the gated community of Dubai Silicon Oasis on Emirates Road, the development will offer residents a community center comprising of an exclusive clubhouse, a shopping complex, health and leisure facilities, swimming pools, schools and academies, clinic, play areas and other lifestyle necessities. Completion of these facilities is expected by August 2010.

The Cedre Villas project is part of a comprehensive urban community at DSO that combines office towers, research and development (R&D) and industrial zones, educational institutions, luxury apartments, villas, hotels, healthcare facilities and a wide range of lifestyle options to create a dynamic commercial and social environment.

Dubai Silicon Oasis is a wholly-owned entity of the Government of Dubai and operates as a free zone technology park for the semiconductor, microelectronic and other high technology-based companies looking to set up their regional headquarters and R&D facilities in the Middle East and Africa region.