Breaking News "Russian Developer Showcasing Project in Abu Dhabi"

A project worth $3.5 billion destined for Moscow from Russian developer Metropol is to be showcased at Cityscape Abu Dhabi next month.

Based on environmentally-friendly technology from Japan's leading architect firm Nikken Sekkei, the 'city-within-a-city' development will be built three kilometres from the Kremlin.

Dr Mikhail Slipenchuk, founder and chief executive officer of the Metropol Group, said the fact that his firm had chosen to showcase the project at the event was indicative of the current real estate market.

"With so many iconic and truly unique projects being realised here in the Middle East we took the view that the UAE is an ideal location for us to seek development and investment partners," he stated.

According to developers, the project will consist of ten buildings connected by green spaces with a tower 364 metres tall in its centre.

The building will consist of residential, office and commercial space.

Meanwhile, Dubai-based developer, Azizi Investments has entered into agreements with three consulting companies to progress work on projects at Al Furjan and Palm Jebel Ali