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Whether it is the world’s tallest building, Burj Khalifa, the renowned Burj Al Arab or the awe evoking Palm Islands, Dubai has always surprised the world with its man-made wonders. Another marvel that will add to the list is The Lagoons, a AED 64 billion revived project which is expected to be completed in 2016.
Located along the Dubai Creek, near Ras Al Khor Wildlife Sanctuary, this real estate development will be built on seven artificial islands linked together by bridges. It will essentially be a residential area built around a lake.
The islands will comprise of residential apartments, office buildings, shopping malls, resorts and hotels, among others. Spread over an area of 6.5 million square meters, The Lagoons is going to house the city’s first opera house with a 2,500 seating capacity.
To be spread over the seven man-made islands of Al Dana, Al Sedaifa, Al Jiwi, Al Hassabi, Al Naama, Al Lulu and Dubai Opera House, The Lagoons will also boast of parklands and high-rises and more than 50 low-rise apartments in different layouts. Apart from these, the area will feature waterways, walkways and paths for cycling.
The Lagoons will add another aesthetic dimension to the skyline and landscape of Dubai. The tallest twin towers in the world which will be the centerpiece of the new residential and business community will be a part of the mega project proposed for this area. These mixed-use buildings are likely to establish another sought-after landmark for Dubai. The project was scheduled for completion last 2012, but many factors contributed to the delays and stalled construction. The entire project is being completed in phases and developers are hopeful of launching it by next year.
The Lagoons will be a premium waterfront property with prices of residential units between Dh1,400 and Dh1,850 per square foot. Though costly, securing an address in the heart of Dubai will certainly make you a member of the elite class.
• The Lagoons is a premium waterfront project with seven man-made islands
• It is a mixed-use community with residential complexes, parklands, high-rises
• Part of the area proposal is the mega project, tallest twin towers in the world
Source: Shabnam Mondal, Special to Properties
The writer is a freelancer