26 October 2009
Construction on the Dh785 million Paradise Lakes Towers, a residential complex in Ajman comprising eight 31-storey towers, is progressing at a brisk pace, according to Sweet Homes Holdings (SHH).
Contractors working on the projects are Al Deewan Development (for Towers B2, B3 and B4); Construction Tech (for Towers B5, B6 and B9); and Bekon Constructions (for Towers B7 and B8).
"Construction on the Paradise Lakes Towers is progressing at a tremendous pace, and we are confident the projects' impending completion will further boost sales prospects among investors," said Fahad Sattar Dero, Chief Executive, Sweet Homes Holdings.
"We are proud to be part of this project along with these competent contractors, which further strengthens our reputation as a multi-service provider to the real estate market."
It has also revealed specific status for all the towers, with B2 already having concrete columns and shifting of slab table on the fourth floor; B3 seeing steel fixing of core-wall concrete of columns on the sixth floor; and B4 having its bottom steel installed on the eighth floor.
The remaining towers are also progressing with shuttering foundation of columns work on 13 floor of B5, setting of slab table on the ninth floor of B6 and column and corner wall cast for floor slab on the 22nd floor of B7. Work on B8 has progressed up to the laying of foundation and shuttering of columns on the 23rd floor while the B9 is ready for casting up to the 13th floor.
"Working with a leading master developer such as R Holdings for the exclusive marketing initiatives for Paradise Lakes Towers is truly exciting for us and enriching for our portfolio. In addition to strict adherence to regulations set by Arra [Ajman Real Estate Regulatory Agency], including the establishment of escrow account for the project, we are confident our involvement in the development's marketing and promotion will contribute to its overall success, which beats odds of the current economic slump," said Dero.
Construction on the Dh785 million Paradise Lakes Towers, a residential complex in Ajman comprising eight 31-storey towers, is progressing at a brisk pace, according to Sweet Homes Holdings (SHH).
Contractors working on the projects are Al Deewan Development (for Towers B2, B3 and B4); Construction Tech (for Towers B5, B6 and B9); and Bekon Constructions (for Towers B7 and B8).
"Construction on the Paradise Lakes Towers is progressing at a tremendous pace, and we are confident the projects' impending completion will further boost sales prospects among investors," said Fahad Sattar Dero, Chief Executive, Sweet Homes Holdings.
"We are proud to be part of this project along with these competent contractors, which further strengthens our reputation as a multi-service provider to the real estate market."
It has also revealed specific status for all the towers, with B2 already having concrete columns and shifting of slab table on the fourth floor; B3 seeing steel fixing of core-wall concrete of columns on the sixth floor; and B4 having its bottom steel installed on the eighth floor.
The remaining towers are also progressing with shuttering foundation of columns work on 13 floor of B5, setting of slab table on the ninth floor of B6 and column and corner wall cast for floor slab on the 22nd floor of B7. Work on B8 has progressed up to the laying of foundation and shuttering of columns on the 23rd floor while the B9 is ready for casting up to the 13th floor.
"Working with a leading master developer such as R Holdings for the exclusive marketing initiatives for Paradise Lakes Towers is truly exciting for us and enriching for our portfolio. In addition to strict adherence to regulations set by Arra [Ajman Real Estate Regulatory Agency], including the establishment of escrow account for the project, we are confident our involvement in the development's marketing and promotion will contribute to its overall success, which beats odds of the current economic slump," said Dero.
By Staff Writer
© Emirates Business 24/7 2009
