DUBAI-based real estate Pacific Ventures has purchased land at Dubailand, the entertainment, retail and residential destination managed by Dubai Properties Group (DPG), to develop a major residential project.
The Pacific Village project will include 65 residential villas, 102 four-bedroom townhouses and a number of two-bedroom apartments. The four-bedroom townhouses will come in two types, covering a minimum of 3,500 sq ft in size, the apartments will cover an area of 1,240 sq ft while the villas, starting from approximately 5,075 sq ft in size, will comprise six bedrooms.
Pacific Village will be centrally located between Dubai International Airport and Al Maktoum International Airport in the heart of Dubailand, and is expected to be completed in 2019.
The land sale agreement was signed in the presence of Sultan Butti Bin Mejren, director general of Duabi’s Land Department (LD), and Majida Ali Rashid, assistant director general and head of the LD’s Real Estate Investment Management and Promotion Centre.
Mohammed Al Habbai, CEO of Dubailand, said: “The development of the Pacific Village is an important step towards satisfying the increasing demand for family-oriented villas in Dubai.”
The entire development will span over 1.2 million sq ft and will be fully equipped with a community centre, open spaces, paved roads and parking spaces.