Wednesday, July 26, 2006

Jumeirah Lake Towers – I mixed-used free zone in Dubai

Jumeirah Lake Towers (JLT), the 200-hectare real estate development, near Sheikh Zayed Road in ‘new’ Dubai has been named a free zone, marking the creation of the first mixed-use free zone development in Dubai. Nakheel, the developer of JLT published the details of the law regulating the activities in the project recently, along with a new brand identity.

Jumeirah Lake Towers, a cluster of 79 buildings, caters to a series of businesses in Dubai and will include offices, hotels, restaurants and leisure facilities in addition to residential complexes. The development will be completed by the end of 2008.

“Jumeirah Lake Towers marks a significant departure from the single industry-specific free zone development that has been the norm in Dubai,” said Ahmed bin Sulayem, General Manager, JLT.

(Source: Khaleej Times)

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