Sama Dubai completes 95% work on The Lagoons project

Sama Dubai yesterday announced it has successfully completed more than 95 per cent of work on the waterfront (water-edging) at The Lagoons, a 70-million sqft project on the Dubai Creek waterfront. Sama is the international real estate investment and development arm of Dubai Holding,

With the excavation of canals almost complete and land reclamation in final stages, Sama Dubai estimates the seven landscaped and interconnected island districts that comprise the project will be surrounded by the creek waters by of next year. Located within the heart of Dubai, the self-contained urban development has registered break-neck progression on site with infrastructure work on more than 185,000sqm of land making rapid headway, the company said.

The preparedness of the site to flag off construction activities is being demonstrated with several third party (sub) developers mobilising contractors to commence construction on their plots, said the company.

In April, National Properties broke ground for its low-rise Flamingo Creek residential community.

Farhan Faraidooni, Executive Chairman of Sama Dubai, said: "Sama Dubai is investing significant resources and efforts to ensure the infrastructure at 'The Lagoons' project is the best of breed. We have been making impressive strides towards the realisation of a distinct project, which will set precedents and raise the bar for future waterborne developments across the world." The Lagoons will see the release of two residential buildings in the first half of 2009.

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