Work on the Dubai Lagoon, a Dh3 billion ($816 million) upmarket residential apartment community project located at the Dubai Investment Park – has just started, following the award of the cut and fill contract to Bagheri Road Contracting.

Work on the project involves laying out the foundations for the basement and underground car-parking as well as the body of the lagoon.
“With work starting on 53 buildings and 75 per cent of the total land being used for landscaping and the lagoon itself, this is the beginning of a exciting time for all residences that have been purchased in the first phase of the development,” says Sonia Husain, executive director of Dubai Lagoon.
Dubai Lagoon is one of the first developers in the mega-city to offer a guaranteed completion date with financial penalties in the favour of the new home-owners if they are not met.
“The reason we chose Bagheri Road Contracting comes from our belief of offering world-class constructions to our clients. We believe that residents of Dubai Lagoon should have the best edifices designed to satisfy their classy taste,” adds Husain.
Dubai Lagoon comprises 4,166 apartments of various sizes, ranging from studio, one, two, three and four bedrooms.
All apartment buildings are located around the lagoon and are water-facing. With 1.75 million sq ft of built-up area, the project primarily targets the middle to high-middle income group and promises residents tranquil and luxurious surroundings.
Phase One of the project, comprising 21 buildings with 1,751 units, is reported to be fully sold out.  Owners of all apartments are eligible for family residence visas, subject to UAE immigration rules and regulations.
The final phase is expected to launch in a couple of months.