Dubai Properties Group Partners with Regency Properties to Deliver Retail Outlet at Nuzul

Dubai Properties Group Partners with Regency Properties to Deliver Retail Outlet at Nuzul
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Published October 24th, 2010 - 10:26 GMT

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Regency Properties
,
Regency Group
,
Dubai Properties Group
,
Khalid Al Malik
,
Aboo Backer Mohammed
,
Dubai Holding

Dubai Properties Group (DPG), a member of Dubai Holding, today announced the 8,700-sq ft. retail facility at Nuzul, a dedicated community providing an enhanced lifestyle to the emirate's skilled workforce, has been leased to Regency Properties and Management, part of the Dubai-based Regency Group.

Nuzul is an innovative new community that represents a new generation of staff accommodations and is designed to provide a healthy living, working and leisure environment for skilled labour.

In support of Nuzul's holistic approach to amenities and services, Regency Properties has leased all commercial units in the community and intends to develop a range of retail and service facilities under its brand "Grand", with work beginning immediately on a supermarket and food court. Future facilities will include a dedicated health clinic and community hall.

The community, which currently houses more than 3,000 residents, has been meticulously planned to provide an enhanced quality of life for the region's skilled workers. Nuzul already features dedicated recreation and entertainment areas, including a cricket and basketball field. It also hosts a fully operational mosque.

Khalid Al Malik, Group CEO, Dubai Properties Group, said: "Nuzul is a benchmark for skilled staff accommodation in the region and under the leadership of Property Development Manager Eng. Hassan Ali Taher, the development has evolved into a self-sustained community serving the needs of the emirate's workforce. We are pleased to partner with Regency Properties whose proven record of quality and reliability will allow us to offer a host of community services and facilities to our tenants."

Operating in Dubai since 1994, the Regency Group of Companies owns a chain of shopping malls and hypermarket operations in the UAE, Kuwait, Saudi Arabia and India under its brand "Grand". Its shopping malls in the UAE and India provide a hospitable shopping experience through a large and varied mix of products and services under one roof.

Aboo Backer Mohammed, Director, Regency Group, said: "We are delighted to partner with DPG on the retail development of this exceptional new community. Our vast experience in this market will allow us to develop and operate a retail facility customised to the needs of residents at Nuzul. We look forward to a mutually beneficial and long-term association with DPG that we hope to extended to more projects across the company in the future."

Located in close proximity to the Jebel Ali Free Zone with easy connectivity to Sheikh Zayed Road, Emirates Road and other arterial highways, Nuzul is a secure community that will also include a pharmacy, emergency treatment room, game rooms, a library and internet room, along with a dedicated centralised parking area for heavy vehicles and staff buses. The community offers business owners an alternative to better accommodate their local workforce.

Dubai Properties Group is currently leasing residential and commercial units at Jumeirah Beach Residence, Shorooq Mirdif, Ghoroob Mirdif, Layan in DUBAILAND, Cordoba Villas, Al Khail Gate, Al Razi Residence, and Office Park at Dubai Internet City. 

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