Schön Properties, a leading regional property developer, has secured an investment of Dh339 million ($92.27 million) for the completion of Dubai Lagoon project.
The investment agreement was signed with Xanadu Real Estate Deve
Schön Properties, a leading regional property developer, has reported impressive progress on its ‘Dubai Lagoon’ project.
The project is on track for delivery in stages, starting with Zone 1, which is due for completion by the end of 2010.
Schön Properties announced that the 132-11 kVA ‘Dubai Lagoon’ substation, for which the developer had invested Dh48 million ($13.07 million), has been completed by Dewa and is ready to be commissioned.
Dubai Electricity and Water Authority
All units at the Quartet Residential Towers, located in the prestigious Dubai Lagoon development, have been completely sold out.
The Quartet comprises four residential towers and a combined 423 studios and one and two-bedroom apartments.