More than Dh20 billion ($5.44 billion) worth of residential projects will be constructed in Dubai Investments Park (DIP), bringing the total value of investments in the Park to almost Dh21 billion.

Six major developments by a consortium of developers have been earmarked for construction in DIP during this year, offering investors 19,392 residential units when the projects are completed by 2010. The multi-phased developments will be spread over a total area of 3,200 hectares and will be equipped with world-class facilities and services for manufacturing, residential, academic, research and development, distribution and logistics purposes. 
“This phenomenal amount of investment underscores the property developers’ confidence in Dubai Investments Park as one of the region’s premier residential communities. DIP has carved a niche in the real estate market as a high-profile, environmentally-friendly and cleverly-planned development and we have received a surge of investors wishing to capitalise on this opportunity,” says Omar Al Mesmar, general manager, DIP, a wholly-owned subsidiary of Dubai Investments.
The largest of the new developments in DIP is the Palisades project, being developed by Pearl Properties, offering investors a residential community that incorporates architecture composed of eclectic property styles, inspired by the Georgian, Regency and Victorian eras. 
The Green Community West project is another major DIP development by Property Investments, and will include 580 villas, 256 apartments and six recreation areas spread over a total area of 11.2 million sq ft. 
Similarly, the Ritaj development is a high-profile residential project earmarked for construction in DIP by Dubai Investments Real Estate Company, which will offer investors more than 2,200 units located in a fully-networked residential community that features restaurants, cafes, shops, a supermarket, a clinic, a pharmacy, a mosque, entertainment and recreational facilities. 
Dunes Village, being created by Manazel Real Estate and Al Serkal Properties, will include 14 residential towers in an environment that seamlessly blends modern amenities with traditional values. 
Nearby is the Crown City project, under construction by Al Manal Development, offering investors 52 buildings comprising 8,000 residential units in the Park.  Additionally, the Dubai Lagoon project will feature apartments and walkways surrounding a sapphire lagoon creating a permanent romantic setting. 
“DIP is one of the most attractive destinations for both residence or office, because it is half an hour from downtown Dubai and right at the heart of the city’s business circles.  The whole development is a pioneering concept that involves creating a city within a city, an area to work, live and play,” comments Al Mesmar.
Two residential projects – Ewan Residence and Green Community – are already completed in DIP, with more than 30,000 residents living there.  Ewan Residence, constructed by Lootah Real Estate Development, offers investors 75 properties distributed over two million sq ft of land. 
Green Community, constructed by Union Properties, offers investors a traffic-free environment with cobbled roads, walkways, manicured gardens and residential developments spread over an area of one million sq ft.  
In addition to residential projects, DIP has attracted a sizeable business community and is considered to be a premier business park in the Arabian Gulf, offering investors an environment tailor-made for success. 
Amenities such as six international schools, sports clubs, fire and police departments, a healthcare centre, postal, banking and insurance services and major shopping facilities attract both residential and business investors. 
 Located close to Jebel Ali port and Dubai’s upcoming international airport in Jebel Ali, the fully landscaped DIP is conveniently located for easy travel requirements.  The Park can be accessed from Emirates Road and Sheikh Zayed Road, and the outer bypass of the Park is surrounded by a 20-km radius of major residential, recreational, entertainment and hospitality developments.