Tuesday, March 31, 2009

Construction officially begins on Memon Investments’ AED 150 million ‘Gardenia I & II’ in Jumeirah Village




Construction officially begins on Memon Investments’ AED 150 million ‘Gardenia I & II’ in Jumeirah Village

Developer awards AED 2.4 million shoring and excavation contract to International Foundation Group

March 31, 2009

Memon Investments, a leading Dubai-based property developer and part of the international business conglomerate, the Memon Group of Companies, has kicked off the initial construction works on the AED 150 million ‘Gardenia I & II’ project, located in Jumeirah Village. The groundbreaking ceremony follows the developer’s decision to award an AED 2.4 million shoring and excavation contract to the International Foundation Group (IFG). The developer also announced that it has awarded an AED 520,000 elevator contract to Shanghai & Arabian Electromechanical LLC (SAE). Present during the event were top company officials, including Ahmed Shaikhani, Managing Director, and Rizwan Shaikhani, Joint Managing Director from Memon Investments; and Dr. Khalil Charif, Managing Partner, International Foundation Group.

Under the terms of the contract, IFG will commence foundation works involving shoring and piling excavation using their high rated piling systems, concrete diaphragm walls, excavation support and earth retention systems. The company has appointed a team of industry professionals comprising site managers, project engineers and supervisors to ensure that the completion of the first phase will proceed in accordance with the schedule set by the developer. The success of the project’s recent unveiling and the positive response it generated from potential clients has influenced the decision to proceed with construction.

“The property sector is undergoing a tentative period due to uncertainties in regional and global economies. We are thus pleased with the warm response this project has received, which provides us with the motivation to fast-track development. The uniqueness and quality that we have designed into ‘Gardenia I & II’ will add to Jumeirah Village’s growing reputation as a highly desirable mixed-use destination. Our strategic partnership with International Foundation Group also affirms our commitment to maintaining the highest development standards for this project,” said Rizwan Shaikhani.

Located centrally within Jumeirah Village, near the Cultural Centre and the renowned Central Park, ‘Gardenia I & II’ is splendidly designed and meticulously crafted to offer residents a charming yet authentic Mediterranean experience. Incorporating a mixture of residential, commercial and retail spaces, the project features residential apartments including studios, one-bedroom and two-bedroom units and loft apartments, with retail units on the ground floor. The 5-storey residential development has been designed by Dimensions Engineering Consultants (DEC) and incorporates stuccoed walls, tiled roofs, rustic arches, solid wrought iron balcony grills, carved doors, ornamental spiral columns, marble flooring and thematic and floral designs to create a Mediterranean ambience.

“It is critical that the proper foundations are put in place during the initial phases of property construction, which is why we have been chosen to perform shoring and excavation for this major project. Our extensive technical expertise ensures the creation of an understructure that meets Memon’s strict quality and scheduling standards. We look forward to working on this high-profile property and are confident that we can easily meet Memon’s completion schedule,” said Dr. Khalil Charif.

An integrated master community spread across 811 hectares, Jumeirah Village is a mixed-use development that when complete will comprise of residential and business units, retail outlets, international schools, hospitals, shopping malls, connected parks and boulevards, sports fields, mosques, cafes and restaurants. Developed by Nakheel, one of the leading developers in Dubai, the project is 20 minutes from the Dubai International Airport, five minutes from JAFZA, and 50 minutes from the Abu Dhabi airport. The combination of strategic location and the conveniences of a luxury community project have attracted Memon Investments to choose Jumeirah Village as the home for its latest projects.

“The largest inland project in our portfolio, Jumeirah Village is a major part of Nakheel’s vision to transform the desert of Dubai into a series of vibrant communities. Memon Investments meets the high standards we demand from all of our partners across project delivery, quality and sustainability,” concluded Marwan Al Naqi, General Manager, Jumeirah Village.

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