Dubai-based property developer Meraas Investment Co has launched a Dh350 billion ($95.29 billion) project to redevelop a huge swath of land near the coast in Dubai, the company said.

The project, to be called Jumeirah Gardens, will be 'an integrated city within a city,' to be built over 12 years, Meraas Development, a Dubai government firm, said at the opening of Cityscape.

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Posted by boyang at October 6, 2008 3:01 AM