Al Mazaya begins delivery of 800 residential units at Lake Jumeriah

As the Dubai market prepares to receive 70,000 residential units during 2009 and 2010, Al Mazaya has worked extremely hard to ensure delivery of these properties to their owners early in 2009, with the delivery of other projects expected during the coming two years.

With more than 120 residential towers underway, Icon 1 and Icon 2 are the first projects to be sold out completely at Lake Jumeriah. The two residential towers consist of 400 units, with differences in area size and internal design, each. A distinctive feature of the towers is the views over Jumeirah Lake on one side and Jumeriah Islands on the other.

Eng. Fathi Dhamiri, SVP Projects, Mazaya Dubai, said:

"Despite the difficulties and challenges we faced during the development of the Icon Towers', we overcame all obstacles and finished the project according to the scheduled time. The delivery of these residential units is symbolic of Al Mazaya's commitment towards its clients."

"From the very beginning, the Icon Towers' were able to meet all residential expectations. Al Mazaya is also developing 3 commercial towers, called Business Avenue, for the business sector in the same area. Business Avenue is 50% complete, with handover due to take place towards the end of 2010," he added

Dhamiri went on to say that the project has received strong support from the government of Dubai, as it was the first to be developed on Lake Jumeriah. He added that Al Mazaya is keen to comply with government's laws in terms of the management of special services at real estate projects. Thus, services management at the Icon Towers' was awarded to an expert special service company called Spectrum, a subsidiary of Al Mazaya.

In addition to its strategic location, beautiful design, accurate execution and luxurious finishes, both Icon 1 and Icon 2 boast outstanding amenities and facilities, including an around the clock security and maintenance service, advanced fire-fighting and alarm systems, reception halls and luxurious main lobbies, a health club, swimming pools, sport and entertainment centers, furnished kitchens, underground parking lots and retail areas.