Remraam Construction Remains On Schedule

With reports of some freehold property developments construction in Dubai being delayed and placed on hold for the time being, buyers will no doubt be delighted to hear that construction at Mizin’s Remraam development is progressing as originally planned. What makes the news all the more important is that at 24 million square feet, the project is one of the largest construction sites in Dubai, with some 15,000 workers currently employed on the site. With 1 million cubic meters of cement alone needed just for the foundations, you can begin to understand the scale of the project. Construction on the project will be done in four stages, with final completion somewhere around 2010. So far the project has proven very popular, with over 8,000 units already sold in the freehold development.

Remraam is aiming to bridge a gap in the number of affordable family homes being offered in Dubai, but without buyers having to sacrifice on quality. This kind of affordable community living is not easy to come as far as Dubai apartments are concerned, and with large balconies and terraces throughout, plus low rise buildings, it has many of the things currently in large demand with buyers of Dubai real estate. And with a prime location next to the highly popular Arabian Ranches development, Remraam residents can enjoy a great location plus a large array of facilities such as a community shopping mall and restaurants that will be located on site. Remraam is the forth project to be undertaken by Mizin, following hot on the heals of other popular developments such as the Majan at Dubailand, and the 70 million square feet Arjan development.

Dubai still has many exciting and upcoming development that are certainly worth keeping an eye on. Whilst some developers may plan on scaling down future projects, the likes of Nakheel have shown that that they certainly don’t plan to follow suit, and will continue to release groundbreaking and large scale developments rather than play it safe real estate. And with the secondary market still offering the high quality and diverse range of property as always, only now at lower prices, there is still plenty of selection and opportunity in the Dubai property market for those willing to looking.    
 

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