Register | Forgot password?
Switch to Arabic
Thursday, November 26 - 2009

95% work on 'The Lagoons' islands completed

  • United Arab Emirates: Sunday, September 14 - 2008 at 14:51
  • PRESS RELEASE

Sama Dubai, the international real estate investment and development arm of Dubai Holding, today announced it has successfully completed over 95% of work on the water front (water-edging) at 'The Lagoons', the 70 million square feet Dubai Creek waterfront project that is fast taking shape as one of Dubai's most ambitious developments.

Article continues below
  • Farhan Faraidooni, Executive Chairman of Sama Dubai.
    Farhan Faraidooni, Executive Chairman of Sama Dubai.
With the excavation of canals almost complete and land reclamation in final stages, Sama Dubai estimates the seven landscaped and interconnected island districts that comprise 'The Lagoons' will be surrounded by Creek waters by end-2009.

As a master developer, Sama Dubai's strategy is to develop various areas of the project through strategic partnerships with select third party developers. The preparedness of the site to flag off construction activities is being demonstrated with several third party (sub) developers mobilizing contractors to commence construction on their plots at The Lagoons. Last April, National Properties broke ground for its low-rise Flamingo Creek residential community at the award winning development.

Located within the heart of Dubai, the self-contained urban development has registered perhaps the most visible manifestation of the break-neck progression on site. Infrastructure work on more than 185,000 square meters of land is making rapid headway, achieving a significant number of key milestones.

Farhan Faraidooni, Executive Chairman of Sama Dubai, said:
"Sama Dubai is investing significant resources and efforts to ensure the infrastructure at 'The Lagoons' project is the best of breed. We have been making impressive strides towards the realization of a distinct project that will set precedents and raise the bar for future waterborne developments across the world."


'The Lagoons' is currently making way to open its impressive on-site sales and customer service centre by the fourth quarter of 2008 with the upcoming release of two residential buildings slated for the first half of 2009.

'The Lagoons' will comprise seven beautifully landscaped islands, offering an inspired landscaped surrounding that is enhanced by a plethora of tranquil waterways, peaceful open parks, and green belts, all in a natural habitat setting. The development's unique features have enabled it to continue attracting interest amidst the surge of real estate projects currently being developed in the UAE and across the region.

Underlining the emirate's position as a world renowned destination, 'The Lagoons' anticipates the growing need in Dubai for a living environment that delivers an unmatched quality of life within a unique natural setting. The development embodies a bold vision of the future while building upon its rich past, where traditional souks and navigable waterways will co-exist with global business houses and boldly designed landmarks in a dynamic environment set amongst a lush, green waterfront.
Also consider reading:
Log in to request more information from Sama Dubai

Notes and media contacts

About 'The Lagoons':

Sama Dubai's 'The Lagoons' development is located in the heart of Dubai. Spread over an area of 70 million sq. ft it will feature seven beautifully landscaped islands, comprising of residential units, shopping centers, office buildings, and marinas. 'The Lagoons' will enhance Dubai's position as an international destination with its cultural attractions, including theatres, museums, an arts center and Dubai's only Opera House.

Regional corporations and multi-nationals can establish their headquarters in the Central Business District (CBD). 'The Lagoons' will offer freehold property with 100 per cent ownership to all nationalities. Half of the project will be sold to third party investors and the remaining 50 per cent of the area will be developed, marketed and operated by Sama Dubai.

Sama Dubai has committed to undertake comprehensive Integrated Environmental Impact Assessments (EIA), following international standards, across all phases of 'The Lagoons' project.

'The Lagoons' is a proud winner of 'Best Developer - Mixed Use Project' and 'Best Developer - Corporate Social Responsibility' at the 2008 Middle East Real Estate Awards.

About Sama Dubai:

Sama Dubai is a private company wholly owned by Dubai Holding. The international real estate investment and development company focuses on leveraging synergies across international, regional and local real estate sectors. Its aim is the creation of a world class portfolio of partners, properties and investments which distinguish it as a market leader.

Sama Dubai is active across several segments of the real estate development sector including tower buildings (under the 'Dubai Towers' brand), large scale resorts (under the 'Salam' brand), business developments, mega malls and more.

Sama Dubai's existing projects are:

• Dubai Towers - Doha, Qatar
• Dubai Towers - Dubai, United Arab Emirates
• Amwaj - Rabat, Morocco
• Salam Resort- Bahrain
• Salam Yiti - Oman
• The Creekfront Development - Dubai, UAE
• The Lagoons - Dubai, UAE
• Mediterranean Gate, Tunisia

For further information, please contact:

Sherif Shafie
Sama Dubai
Tel: +971 4 427-9100

Sally Hamandi
JiWin
The Public Relations arm of Dubai Press Club
Tel: +9714 374 8364 (direct)
+9714 361 3333 (switchboard)
Fax: +9714 388 8001

Mathilda Saad
JiWin
The Public Relations arm of Dubai Press Club
Tel: +9714 361 3879 (direct)
+9714 361 3333 (switchboard)
Fax: +9714 388 8001

Disclaimer:

Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com

Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.

For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions