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Tuesday, January 8, 2008

Dubai to be home to world's first fashion island

(MENAFN Press) Dubai Infinity Holdings (DIH) today announced, Isla Moda, the world's first dedicated fashion island. A mixed use development set in the iconic development The World, Isla Moda will combine a fashion resort, themed residential villas, haute couture boutiques and luxury hospitality facilities in a drive to establish Dubai as a global fashion hub. World renowned fashion designers from each continent will be instrumental in designing each element of the development.

Launched in December 2007, DIH aims to boost diversification of the UAE economy through strategic investment in real-estate, lifestyle, entertainment, IT, education, healthcare and other sectors. Isla Moda demonstrates the company's commitment to innovative, non-conventional investments with high-growth potential.

Samira Abdulrazzak, CEO of DIH said, "Isla Moda will be acknowledged as the central fashion district of the entire Middle East and a natural home for all the world's top fashion luminaries. It will be an innovative hub that encompasses the entire value chain of fashion and will be replicated in other Emerging Markets by transforming global fashion brands into value added real estate partners. A significant impact will be made - not only within the international real estate community, but especially within the key fashion and leisure segments."

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