You can achieve a layout similar to that of Visual Studio by using the RadDocking control. You can have a look at the "Visual Studio Implementation with MVVM" demo from our SDK Samples Browser to see a good example of what can be achieved.
Alternatively, you can use the RadTabControl and define separate tab items each holding a separate instance of the RadPropertyGrid control. I've prepared a small sample project demonstrating this approach.
Please let me know if you find these resources helpful and whether any of these approaches would work for you.
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