Construction in Full Gear as REMRAAM™ readies for Handover
Dubai-UAE: 14 September, 2010 - Dubai Properties Group (DPG), a member of Dubai Holding, today announced that the REMRAAM™ residential community in the heart of DUBAILAND® has accomplished several key construction milestones and is poised to become a landmark offering among DPG's diverse residential portfolio.
DPG has confirmed that the distinctive development continues to advance steadily as 40 buildings at REMRAAM have reached full height. The most recent progress has been reported by Screampoint Property Observer, the RERA-approved inspection agency.
REMRAAM has achieved steady progress on-site with the completion of 100 per cent of the foundation work. Furthermore, approximately 77 per cent of superstructure and 72 per cent of the infrastructure works are complete. The installation of wall and floor ceramics, metal works, doors and windows has been completed for several buildings. More than 20 per cent of the internal and external paint works are complete while the external decorative concrete and metal works on the buildings' facades are 50 per cent finished. The set-up of a 132 KV electrical substation is also in progress.
DPG is in discussions with several mortgage providers to inform them of the significant developments at REMRAAM and to confirm that mortgage customers will be able to receive their units within the communicated timelines. As part of this effort, DPG has hosted representatives from these mortgage providers on-site to view the actual and anticipated construction progress.
Khalid Al Malik, Group CEO, Dubai Properties Group, said: "We are very pleased to announce the major construction milestones at REMRAAM. The REMRAAM community complements our existing portfolio of residential properties and is a very attractive destination for our discerning customers. DPG aims to achieve more significant milestones in the months ahead and we remain steadfast in our commitment to delivering REMRAAM to our valued customers."
In keeping with Dubai Properties Group's mission to create unparalleled residential communities, REMRAAM provides an attractive alternative to high rise urban living for individuals and families seeking a secure, community-centered lifestyle, away from the crowds and noise of the city.
Residential units at REMRAAM are set in low-rise Moorish architecture and amidst ample landscaping. The development includes spacious studios, 1, 2 and 3 bedroom residences, many with extended balconies, terraces and private gardens.
Occupying a prime location in DUBAILAND, REMRAAM is easily accessible by major highways and road networks including Emirates Road, Dubai Bypass Road and Al Khail Road. With its focus on a vibrant community life, REMRAAM will feature well-manicured landscapes, walking paths, children's playgrounds and other recreational facilities. A community center with convenience stores and restaurants is also in the pipeline.
-Ends-About REMRAAM™:
REMRAAM™, a Dubai Properties Group community, was conceived to meet the needs of individuals and families looking for serene community living. The residential development caters to a wide variety of clientele and offers a range of residences in various sizes to accommodate different budgets and needs.
About Dubai Properties Group
Dubai Properties Group (DPG), a member of Dubai Holding, develops and manages properties, communities and destinations. Through its subsidiaries, DPG also offers end-to-end property related services. Sales and leasing via Salwan; the real estate broker, property management, facilities management and security services via Dubai Assets Management company, in addition to destination management via DUBAILAND®.
The Dubai Properties Group focuses on the creation of a broad range of quality properties in which to live, work, play and shop in addition to the development and management of key destinations in Dubai including both Dubailand and 'The Walk' at JBR.
Dubai Properties Group aspires to become the best partner in providing a reliable service through the creation of quality, value for money lifestyles, and by creating a world class organization that offers a wealth of industry knowledge and expertise. DPG will constantly seek new and innovative ways to deliver comprehensive solutions to its stakeholders, investors and business partners.
For further information, please contact:
Amr Diab
Account Manager
Jiwin Public Relations
Phone: +971-4-3692929
Fax: +971-4-3688001
Email: amr.diab@jiwin.ae
Stephanie Goodell
Director PR & Corporate Communications
Dubai Properties Group
Tel: + 971-4-4352042
Fax: + 971-4-3672972
E-mail: Stephanie.goodell@dubaipropertiesgroup.ae
© Press Release 2010
