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Marina Star to be ready by 2011

Dubai, August 13, 2008

UK Capital Investments Group (UKCIG) said it will complete the construction of Marina Star, a 24-storey residential development in Dubai, by the first quarter of 2011.

An international developer of prestigious projects such as the Metropolis Lofts in Jumeirah Village, UKCIG is a registered company in the UAE with the Jebel Ali Free Zone Authority and accredited with RERA (Real Estate Regulatory Authority).

Marina Star has nearly completed the first phase of its rise with the excavation and piling to be completed before the end of 2008, said a company official.

It is located on a prime location at Emaar’s master planned Dubai Marina, directly on Marina Walk.

Marina Star’s previous development was hampered by inadequate planning by another developer; but UKCIG’s purchase of the project better defines its progress and commitment setting a tentative date to a final handover to its customers.

In compliance with new legislative and regulatory requirements applicable to all developers in the UAE, the UK CIG is finalising the process of becoming a fully-fledged onshore developer in the emirates.

In furthering this commitment, the company is re-investing to grow and strengthen its operations in Dubai.

A new board of directors has been appointed to lead the new heads of departments for legal, HR, projects, sales and marketing affairs, said Adam Covell, UKCIG’s projects director.

“Our team is efficiently proceeding through this project to ensure that the owners can move in by the first quarter of 2011. Our property is 100 per cent sold out,” he noted.

Liam Crawford, UKCIG’s property construction manager said the construction work was in process at the Marina Star.

’Our main contractor is expected to take over the project by this October since we have completed the diaphragm wall in compliance laws governing the construction of marina-front properties.’

’Our anchoring is over 75 per cent complete and piling is progressing on schedule by the Dutch Foundation Company,’ he added.

UKCIG’s other Dubai-based developments include Metropolis Lofts. The Lofts master developer is Dubai Government-owned Nakheel. The company’s escrow account is managed by Tamweel.-TradeArabia News Service




Tags: construct | UK capital | Marina star |

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