Schon Properties, a major UAE property developer, has announced the transfer of 2.33 million sq ft developments at Dubai Lagoon to Xanadu Real Estate Development – a landmark move in the overall development of the Dh7 billion ($1.9 billion
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
Schon Properties, a leading regional property developer, said it has awarded Crystal Lagoons Corporation, the renowned developer of unlimited sized lagoons, the contract to build the main water features within its ‘Dubai Lagoon’ project.
The construction of Dubai Lagoon, a residential apartment community, is on track to meet the delivery deadlines, starting with Zone 1, which is due for completion by the end of 2010, said its developer.
Schön Properties, a leading regional
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
Schon Properties has announced the launch of a construction-linked payment plan, which has been approved by the Real Estate Regulatory Agency (Rera) for Dh3 billion ($817 million) ‘Dubai Lagoon’ project in Dubai Investment Park (DIP).
Schon Properties has signed a Dh500 million ($136 million) contract with Bin Sabt Building Contracting for the Dubai Lagoon project.
The contract covers the construction of remaining zones - four and seven, said a statement.
Schon Properties has signed a Dh27.5 million ($7.5 million) contract with NSCC to handle additional shoring and enabling works for Zones Two to Eight of the Dubai Lagoon project.
With an intensified construction program now underway, this
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.