Friday, August 21, 2009

Remraam project well on-track

Remraam CommunityConstruction work on Remraam project, a major self-sufficient community development in Dubai, is well on schedule, with noteworthy progress achieved on all phases of the development.

The contractors involved in the project have been working simultaneously on all aspects of the community, and have completed the superstructure on a substantial number of buildings to their full heights, a company statement revealed.

Abour 90 percent of the excavation work on the 22.6 million square feet community project has been completed, while the foundation has been poured for over 70 percent of the project. The infrastructure work throughout the development is also progressing as planned.

The interior design has been finalized and the interior finishes for apartments have also commenced. A model apartment has been completed with enhanced finishes and fixtures, and will be show-cased for investor viewing shortly.

The Remraam Community is steadily getting into shape, and has already achieved several major construction milestones during the past month, said Saeed Bushalat, Dubai Properties Group.

The progress of the project confirms the company's commitment towards the investors and the scheduled delivery of the project, he added.

Remraam is 100 percent compliant with RERA (Real Estate Regulatory Authority) laws and has offered customers with the scope of offering payments based on construction milestones achieved, rather than the regular timeline-based fixed time payments.

Investors in the project have also been offered assistance during the current economic crisis, including incentives that will reward prompt payments with reduction of up to 30 percent on their purchase price.

The development offers true community lifestyle which offers good value for money. The Arabian-themed development features low-rise architecture with high quality standards and an outstanding location within Dubailand, ideal for a range of potential home owners.

On completion, Remraam will be a self-sustained community, offering lush landscaping, which covers 85 percent of the development, with a range of amenities such as swimming pools, health club, gymnasium, sauna and steam rooms, basketball and tennis courts, restaurants, community mall and entertainment outlets, apart from nursery, walkways, parks and retail outlets.

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