In today’s day and age, delivering complete projects/products on the promised day-date is a rare phenomenon. But Marina Diamond II, the eagerly anticipated development from Diamond Investments, the new class of property developer, is all set for completion on time. The company is expected to pull the covers off the 266 units in late September 2006. Following the Marina Diamond I (completed on time in Dec 2005); this will be the second successful handover by Diamond Investments. Mr. Faris Saeed, general manager at Diamond Investments, said: ‘Meeting our construction and handover targets is central to the Marina Diamond vision.’
The company’s goal is to provide affordable high quality apartments to accommodate consumers who have been priced out of the Marina area due to the increasingly high prices. To meet this aim Diamond Investments is vigilant about cost overruns and construction schedules. The growth in Dubai over the past few years has been astonishing, and the real estate market is maturing. Construction of the final four Marina Diamond developments continues to progress as scheduled:
• Marina Diamond III has begun construction on its ninth storey
• Work on the second floor of Marina Diamond IV is underway
• The foundations for the final two Diamonds have been set, and Marina Diamond V’s basement parking is nearing completion.