National Bonds to invest and 500m in 'The Lagoons'

National Bonds' investment in 'The Lagoons' is the private company's first foray into the UAE's real estate market. The investment will be funded by capital leveraged from the National Bonds scheme, in line with the company's policy of using funds for the benefit and development of the region.

"'The Lagoons' presents a viable and attractive investment opportunity for National Bonds," said Nasser Al Shaikh, Vice Chairman and CEO of National Bonds. "'The Lagoons' is a unique development that adds another value proposition to the overall offering of Dubai. As such, it represents excellent investment value."

The project will be located in Phase II of the 'The Lagoons,' a spectacular waterfront project master-planned and developed by Sama Dubai. The mixed-use development will consist of up-market residential units, as well as offices.

The National Bonds' project covers an area of half-a-million square feet, and is strategically located adjacent to 'The Lagoons' marina and arterial Ras Al Khor route on the south side. Future residents of the project will also have the privilege of overlooking the inspiring Ras Al Khor Wildlife Sanctuary on the western front of the project. The planned project will have many amenities and facilities to cater for the needs of residents, including schools and mosques.

Abdulsalam Almarri, General Manager of 'The Lagoons' said: "This significant investment makes National Bonds one of the key investors in 'The Lagoons', as well as a major partner in the project. It highlights the investor confidence placed in this landmark, master-planned development, which lies at the heart of Dubai."

National Bonds' investment in 'The Lagoons' follows the July launch of Madaares, an AED 500m private joint stock company, created to raise educational standards throughout the UAE and the GCC by investments in new primary and secondary schools.

'The Lagoons' will be a masterful combination of proximity to the necessities of city life while offering a haven of seclusion and natural splendour. The project encompasses seven beautifully landscaped islands, comprising of residential units, shopping centers, office buildings, and marinas, 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.

Protection of the environment is a key component of 'The Lagoons'. It is one of the first projects in Dubai to undertake a comprehensive Integrated Environmental Impact Assessment (EIA) following international standards across all phases of the project.