Sama Dubai invests AED 5 billion in 'The Lagoons' infrastructure

The AED 5 billion investment will cover the cost of marine works, bridges, roads, elevated roads and water treatment facilities. Water edge treatment is in its early stages, while road works are nearing completion.

"Sama Dubai is investing significant effort and energy to ensure the infrastructure of 'The Lagoons' project is best of breed," said Farhan Faraidooni CEO, Sama Dubai. "Not only are we driven by our competitive spirit, but with the responsibility that comes with being an environmentally and socially aware corporation."

Sama Dubai intends to be a real estate industry leader in the quality of its projects and protection of the environment. All the necessary measures are being taken to ensure the highest standards are maintained throughout the course of construction. Comprehensive research of the environment, through extensive environmental impact assessments, is being carried out in coordination with Dubai Municipality and the World Wide Fund for Nature (WWF).

Work is being carried out in partnership with some of the region's leading contractors, including Dutco Balfour Beatty for water edge treatment, Wade Adams (Middle East) Limited for roads and services, and Ghantoot Transport & Gen. Cont. Est. for grading works, hoarding, geotechnical surveys and other elements. The companies were selected based on their record for quality, meeting the most stringent international standards, and timely delivery.

'The Lagoons' is one of the biggest real estate developments being undertaken in Dubai. It is one of the first projects in the Emirate to conduct a comprehensive Integrated Environmental Impact Assessment (EIA) following international standards across all phases of the project. 'The Lagoons' will offer freehold property with 100 per cent ownership to all nationalities.

'The Lagoons' will have seven beautifully landscaped islands incorporating parkland and open spaces. It will include a comprehensive range of facilities and conveniences and will comprise of residential units, shopping centers, office buildings, and marinas. These detached islands will be interlinked with bridges. The project will also incorporate a unique work environment with its own Central Business District (CBD), where multi-nationals and regional corporations can establish their headquarters.

Half of the project will be sold to third party investors as land plots for development. The remaining 50 per cent of the area will be developed, managed and operated by Sama Dubai. The project will be spread over an area of 70 million sq. ft.