Schön Properties, a leading regional property developer, has reported impressive progress on its ‘Dubai Lagoon’ project.

The project is on track for delivery in stages, starting with Zone 1, which is due for completion by the end of 2010.

The developer is currently in the process of short listing companies to be invited to bid on the infrastructure works, MEP and other finishing works for the project, said a statement.

Zone 1 is the closest to completion, with main contractor Bin Sabt revealing that they are expecting to finish building C+10 first, to be followed by C9, H11, and C12 by November. The second batch, which will include buildings C7, C8, C13, and C14 are targeted for delivery by year-end.

On Zone 3, main contractor Belhasa is set to commence works on buildings A19 and A23, with plans to construct three to four slabs per month on the entire zone. With a view to completing the full structure within the next 12 months, and the MEP works and finishing 6 to 7 months thereafter, the contractor is confident that the zone will be ready for delivery by the end of 2011, the statement said.

“The strong sense of cooperation among all our contractors and suppliers plays a pivotal role in the impressive speed by which this monumental project is being built, which will enable us to deliver the initial phases on schedule,” said Danial H Schön, vice president, Schön Properties. “We are very happy to report the outstanding milestones we have achieved in the construction of ‘Dubai Lagoon’, in line with the commitment we made to our valued investors.”

With backfilling for Zone 2 already completed and the pouring of the concrete blinding almost finished, the appointed waterproofing contractor BMC is gearing up to complete the waterproofing under the raft foundation within the next two weeks.

Main contractor Commodore Contracting has started the raft foundation steel works, with the double basements to be completed in four months and the ground floor slab to be casted within the next 5 to 6 months.

On the other hand, the building permit for Zone 4 has already been transferred and backfilling is nearing completion. In addition, Commodore Contracting is gearing up to commence works on Zone 4 as per the schedule set for Zone 2, with a one-month lag, the statement said.  –TradeArabia News Service