Construction on the Dh785 million ($213.86 million) Paradise Lakes Towers, a residential complex in Ajman, is progressing well, according to Sweet Homes Holdings (SHH), a leading UAE-based developer.

The company reiterated the confidence of R Holdings, the master developer of the ‘Paradise Lakes Towers’, in the three contractors it has commissioned to complete the project.

The UAE-based contractors who are currently working on the projects include 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). The project comprises eight 31-storey towers.

Sweet Homes confirmed that construction works is continuing despite the challenges of the current recessionary period.

“Construction on the ‘Paradise Lakes Towers’ is progressing at a tremendous rate, and we are confident that its impending completion will further boost the sales prospects for the project among investors,” said Fahad Sattar Dero, CEO, Sweet Homes Holdings.

Named after the lakeside views and surrounding lush greeneries, ‘Paradise Lakes Towers’ is a 20-minute drive from the Dubai Airport, and boasts a 15,274 sq feet entertainment zone, and a five-storey built-in parking, four high-speed elevators, a full floor of exercise facilities, a swimming pool and game area, central air conditioning, and satellite TV in all the towers.

Designed by the Adnan Saffarini Engineering Consultants, ‘Paradise Lakes Towers’ is part of Emirates City, a development comprising 92 residential and commercial towers, which will be launched in a phased manner. – TradeArabia News Service