MOSCOW, February 5 (RIA Novosti) - The Dubai-based Limitless company, the development arm of Dubai World, and the Russian investment firm RDI Group are to develop a new real estate project near Moscow, the companies said on Tuesday.
The new residential area, with an estimated population of 12,000, will be located on 113 hectares of land in the northwest of Moscow.
The project will have a total of 4,500 homes, including low-rise apartment buildings, townhouses and villas, as well as schools, retail, shopping outlets, and vast recreation areas.
"This style of development - never before seen in Russia - will radically change the way people live," Limitless said on its website, adding that the project would be marked by "a distinctive balance of residential and business elements, with extensive outdoor spaces."
Construction work is due to start in early 2009, and is expected to last for at least seven years.
