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Projects
Dubai
and the surrounding Emirates are being transformed into the business
and leisure hub of the Middle East under the farseeing and bold vision
of its leaders. There is little doubt that it will become a modern global
power, where East meets West in economic, social, and religious affairs.
CHI Development Group Ltd expects to participate in this modern day
adventure by utilising their significant development and construction
experience in the commercial, residential and leisure development sectors.
CHI
Development Group Ltd has identified complimentary opportunities that
are well within the capabilities of the Directors, and will provide
both the presence and stability for CHI Development Group Ltd to develop
into a significant bespoke developer in the region.
Our
first major project in the region is Lime
Tree Valley at Jumeirah Golf Estates
We
are currently developing 121 luxury villas at Lime Tree Valley that
forms part of the prestigious Jumeirah Golf Estates
as a sub-developer to the Master developer, Istithmar Leisure.
CHI
is developing the Andalusian style villas in two parcels of land, Lime
Tree Valley East and West. Both of these parcels are located on the
Earth golf course, designed by Greg Norman. Lime Tree Valley will become
a desirable address not only because of its impressive Spanish style
and interior features, but also because it will be built with the highest
quality in materials and construction; a rare feature in Dubai.
The
8 villa types range in size from 4200 sq ft built-up to 7,000 sq ft
with four to six bedrooms all with en-suite bathrooms on plots ranging
from 7,000 to 15,000 sq ft.
Lime
Tree Valley was launched in November 2006 with the release of the first
40 villas to the market. There have been two sales releases since then
with closure of the sales books during March 07. CHI’s strategy
was to sell up to 75% of the villas off-plan, with the remainder being
sold only upon completion of the villas or after completion of the show
villas (late 2007).
Site
works will begin during May 2007 with completion and hand-over of the
villas anticipated for the end of 2008.
More details
of this project can be seen on www.limetreevalley.ae
Other
Projects:
CHI
is currently negotiating other similar opportunities in the region and
expects to have more news on these developments during the fourth quarter
2007.
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