Schön Properties commences construction within the final phase of Dubai Lagoon

The entire large-scale community of Dubai Lagoon being under construction marks major progress for the project.

The developer had recently appointed two independent contractors for the project to ensure accelerated completion and delivery of the project.

Bin Sabt Building Contracting Company and Belhasa Contracting and Engineering Company (BHECC), were named as the two preferred contractors for the Dubai Lagoon project, and are currently engaged in the construction of the 3,786 units and associated facilities within the project.

Bin Sabt Building Contracting Company is constructing the final phase of the Dubai Lagoon project which comprises of 392 residential units, 98 Serviced Apartments and 37 Retail units, and will cover 494,727 square feet of constructed area upon completion.

Bin Sabt Building Contracting Company has appointed Solanki Construction Corporation LLC as their sub contractor, for enabling works on the final portion of the development. Work has commenced and is due to complete in 90 days.

This time will be simultaneously utilized for the submission of plans and obtaining permits from the relevant authorities for the main contract works. In line with this schedule, the raft foundation works are presently on track to commence in October of this year.

BHECC and Bin Sabt, are progressing ahead of schedule in all other parts of the development and the project foresees the delivery of 442 units by the end of 2009. Till date Dubai Lagoon has employed a total of 2 million man-hours and its first eight building structures have been completed up to the 7thfloor. To ensure accelerated development, the project is being constructed with the help of 1000+ onsite workers every day.

"We are thoroughly delighted with the commencement of enabling works in the final phase of the project and the fact that all 3,688 units in Dubai Lagoon are now under construction. I would like to thank our contractors for sharing our diligence and commitment towards our customers and would like to commend them for their outstanding performance and management, that has allowed ahead of schedule progress in many parts of the development,"

said Khizer H. Schön, Executive Director of Schön Properties.

"Our forward planning and management has enabled us to adhere to our commitments even during these times of uncertainty. And even though we have had our share of unforeseen hurdles, we are sure this occasion will reinstate the confidence of our customers in Dubai Lagoon and UAE real estate in general," he added.

As one of the most affordable residential offerings in Dubai today, Schon is asserting its efforts to ensure they fulfill their commitments to investors in the best possible time and to the highest attainable quality. Upon completion, Dubai Lagoon will be one of the city's most picturesque and fully integrated residential communities.