A Dubai real estate developer has awarded all of the construction contracts for a new homes scheme to one company in an effort to improve speed and value.
Mizin, part of Tatweer, announced it was “consolidating” construction work on the Remraam community, being built in the heart of Dubailand, the emirate’s giant leisure and residential scheme.
Dubai Civil Engineering (DCE), which was originally responsible for building nearly half of the whole real estate scheme, will now undertake work on all phases.
Executives said the decision was taken in an effort to maximise value and quality in the scheme.
Ahmad Sharaf, chief executive of Tatweer Investments, said: “With the ongoing construction work on the Remraam community in progress, the project is set for rapid progression towards its scheduled timeline completion.”
The scheme is scheduled to be complete by the second quarter of 2010, with the project having first launched to the public in November 2007, selling its first phase of homes in just one day.
Remraam features low-rise apartment homes plus health clubs, parks and a swimming pool. Real estate prices are from 995 AED ($542) per sq ft and prices increase with each storey. Agent Cluttons is listing some three-bed homes in the scheme at £307,740 ($453,390).
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