A top official at Limitless said the company will continue its search for more worldwide opportunities, despite the subprime crisis in the United States and Europe. Saeed Ahmed Saeed, the CEO of Limitless also said “We continue to explore opportunities that fit our global strategy, and the current market conditions could lead to more opportunities.” 

Saeed also said Limitless has $100 billion projects lined up in seven countries at present. He continued to say there are more new projects to be announced, with many of them based in Europe, Middle East, North Africa, South Asia and the Far East. All of this information was provided by the CEO during an exclusive interview with Khaleej Times.

Further information revealed during this interview include the plans to provide homes for nearly three million people in over 20,000 hectares spread out in countries such as the UAE, Saudi Arabia, Jordan, Russia, Malaysia, Vietnam and India. The nine projects to be completed by Limitless are worth around $100 billion in total development value. In the year 2008, Limitless announced projects in Russia and Jordan, and it began operations in Turkey and Jordan. The company now has eleven overseas offices. Sanaya Amman, their first project in Jordan, was launched in July 2008.

The CEO of Limitless also made comments on the effects of the subprime crisis on the Middle Eastern market. As a pioneer in some of the major prestigious Dubai property developments, such as the The Gardens, Palm Jumeirah, Palm Jebel Ali, palm Deira, Ibn Batutta Mall, World Islands and Jumeirah Village, Saeed is confident the crisis wont have a huger impact on the economy. He said “Some analysts are predicting a price adjustment in Dubai. At Limitless, our valuation and research team undertakes continuous and extensive studies of the market, allowing for this kind of movement.In addition, as unique properties are more likely to hold their value, we are confident that we will be less affected by price movements.”

According to Saeed's viewpoint, the subprime crisis, fluctuating oil market and increasing costs of construction material are not probable causes to create issues for the company's current and future projects. Further, he stated Limitless developments are focused on sustainability, including its pricing structure in the overall picture.  “The company undertakes projects with pre-funding in place, so it is not adversely affected by these issues” he said. Limitless has two projects based in Dubai at present; the Arabian Canal and Downtown Jebel Ali.

Downtown Jebel Ali is the first Dubai-based project developed by Limitless and four commercial buildings have been completed so far and are been prepared for occupation. The development project has four zones, each showcasing a central transport and retail hub in a sustainable plaza of its own. The completed four mixed-use towers are in Zone 1. There are plans to begin work on Plaza 1 during the final quarter of this year and plots will be signed over to third party developers  very soon. The Downtown Jebel Ali project is expected to be 200 hectares and hold approximately 320 buildings, out of which 236 will be residential complexes. The development will also contain four metro stations, four freeway interchanges and an internal people-mover system aimed at providing a convenient, environment-friendly and safe transportation mode within and between zones.

Meanwhile, the Arabian Canal project is yet to be contracted for its phase one major earthworks. However, pilot excavation work has been completed. This project has two elements, namely, a 75-kilometer waterway and 14,000 hectare canal-side city for one and half million residents. The waterway will be designed and managed by Limitless, while the company will only handle the masterplan for the city. The Arabian Canal is expected to be a creative, well-balanced and long-term landmark destination for both residents and visitors in Dubai.

Al Wasl, the Limitless project in Riyadh, Saudi Arabia was defined as a strategic market for the company. Regarding the project, Saeed said ““Al Wasl is our first project for the country, and we unveiled the master plan earlier this year at Saudi Travel and Tourism Investment Market — one of two major events in KSA that Limitless has sponsored this year. We anticipate that work on Al Wasl will start later this year.”

He further stated that Limitless is exploring the opportunities in India and Pakistan with the aims of expanding the company's business into more of South Asia. Bidadi is its first project in India, a 4000 hectare mixed-used development located close to Bangalore. It's expected to provide residency to approximately 75,000 people. While in Pakistan, the company is looking into development potential in Lahore and Karachi. No announcements are currently forthcoming about these project possibilities. When questioned about the Karachi Waterfront project costing $68 billion in investments, Saeed said “

 “Limitless remains interested in Pakistan as a future market and continues to monitor the situation there.”