Russian JV wins Real Estate Market Records accolade
Zagorodny Kvartal, Limitless’ joint venture community project in Russia, has been crowned “Best Low Rise Development in Moscow” at the 2014 Real Estate Market Records Awards.
A joint venture between Dubai’s Limitless and Moscow’s RDI, Zagorodny Kvartal scooped the accolade at the fifth anniversary ceremony of the Awards, run by the Moscow Business Club and recognised locally as the leading event in the annual real estate calendar.
Zagorodny Kvartal – meaning Country Quarter – spans 111 hectares and is being built alongside the Moscow Canal. The project is designed to bring the great outdoors into the everyday lives of residents and visitors, and provide quality urban-style accommodation in a countryside setting.
More than 200 homes have already been delivered at phase one of Zagorodny Kvartal, which covers an area of 14 hectares and includes 728 apartments housed in 14 low-rise residential buildings, plus 46 townhouses, retail facilities and an 8,000 square metre park.
Mohammed Rashed Bin Dhabeah, CEO of Limitless, said: “We thank the real estate professionals involved in these prestigious awards for recognising and acknowledging Zagorodny Kvartal as the best in low-rise living. Over 200 investors have already received the keys to their new homes at Zagorodny Kvartal, with hundreds more properties to be delivered this year. This unique project is bringing a new style of living to Russia, and we are delighted to receive this coveted accolade.”
Zagorodny Kvartal is part of one of the most rapidly-developing districts in the Moscow region. It is 4km from Sheremetyevo International Airport, 8km from the Moscow Ring Road and 10km from Kimki Business Park. Highway upgrades, currently underway, will provide quick, congestion-free routes to and from the Russian capital, and a new high-speed toll road will provide easy connections to St Petersburg.
For more information, visit www.zagorodny-kvartal.ru or email info@limitless.com
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Notes to editors
Zagorodny Kvartal is a joint venture between Limitless and RDI.
Limitless: Dubai-based Limitless was established in 2005 with the objective of enhancing lives through the delivery of distinctive, sustainable developments. Limitless specialises in master planning of large residential areas and project management, and has projects in the UAE, Saudi Arabia, Vietnam and Russia.
RDI Group:The RDI Group is a leading company operating in real estate in the Moscow Region. Founded in 2005, RDI Group’s main activities are suburban real estate developments, high-rise buildings, industrial developments, construction management and management and development of land assets.