Al Fara'a Properties affirms steady construction progress across its development portfolio

Al Fara'a Properties affirms steady construction progress across its development portfolio

Developer commits to delivery of signature projects according to the stipulated schedule

August 10, 2009

Al Fara'a Properties, a member of the Al Fara’a Construction, Property and Industrial Group, has affirmed the steady construction progress on its projects despite the present market slump, which has resulted in massive delays in the delivery of other projects in the UAE. Amidst the on-going handover process of its 'Le Grand Chateau' project, the developer also announced that it is on track to hit its delivery targets for ‘The Manhattan’ and ‘Mulberry Mansions', which are both scheduled for the last quarter of next year. The announcement underlines the developer’s commitment to deliver its projects according to the stipulated schedule, and to safeguard the interest of its clients and investors. Further, the Al Fara’a Group has also recently launched its facilities management division, which is aimed at ensuring longevity of investment through optimisation of the maintenance pool fund and sustainability of the investments’ value by leveraging the Group’s expertise.

Commenting on the progress, Natasha Gangaramani, Director of Al Fara'a Properties said, “Construction on ‘The Manhattan’ is on schedule, with the ground floor slab already constructed in its entirety, including the ramps leading to the three basements. We are committed to exceeding the expectations of our clients throughout the value chain, whether in seeking out the right solution for our client’s needs, to actively ensuring the sustained value of their investment. We believe that swift, efficient and timely handover of projects holds as much importance to investor as the value of investment driven by construction quality and facilities offered.”

“Backed by the three decade strong solid track record of the Al Fara’a Group as well as the flexibility to meet our primary goal of excellence, we have recently launched our facilities management division, which will enable us to ensure that all our on-going projects will be built according to global best practices,” added Gangaramani.

Inspired by the urban residences of 1930’s New York, ‘The Manhattan’ will offer 355 units, which comprise a selection of studio, one-, two-, and three-bedroom apartments. Marking the leading developer’s third project within Jumeirah Village, ‘Mulberry Mansions' will comprise of exclusive, Victorian-styled townhouses with four bedrooms, a private two-car garage, a terrace, a balcony, maid’s room with separate access, and a small private garden. In addition, residents of both developments are also set to enjoy the benefits of living in close proximity to top-notch medical facilities, educational institutions, shopping malls and movie theatres, beaches and parks.

“With the completion of the initial groundworks, we are now focusing on the superstructures of ‘The Manhattan’ and ‘Mulberry Mansions’. Specifically, we are positioning the steel reinforced bars for the vertical elements in order to secure the first floor. To ensure that we achieve the high standards and value proposition for our client, we will not only utilise extensive tendering and value engineering capabilities offered in the market, but we will continue to access the broad-base of expertise throughout the Al Fara’a Construction, Property and Industrial Group. We are confident that we can deliver these projects by the end of 2010,“ concluded John Baarens, General Manager, Al Fara’a General Contracting, the appointed contractor for the Jumeirah Village-based projects.



About Al Fara’a Construction, Property and Industrial Group:
Al Fara’a Construction, Property and Industrial Group has a solid track record of three decades, executing prestigious projects in the UAE, and building a reputation for delivering outstanding client value and completing projects on time and within budget. It is a conglomerate of leading business entities including Al Fara'a General Contracting, Unibeton, Belgium Aluminium and Glass and Al Sabbah Electro Mechanical.

Unibeton is the market leader in ready mix concrete, and recently created history by pouring a record 22,000 m3. of concrete in less than 35 hours at Al Attar Sky Spiral, Dubai. Belgium Aluminium and Glass is UAE's largest service provider for the fabrication and installation of aluminium and glazed structures and decorative metal work. Other business entities of Al Fara'a Group deal in contracting, precast, joinery, and steel structure, covering the entire domain of the Construction Industry. Led by a team of experienced engineers, managers and technical experts, Al Fara’a Construction, Property and Industrial Group utilises the most advanced technology and offers multidisciplinary services through one client interface, which reduces costs, simplifies the most complex projects, and enables the company to deliver premium value to the client.

About Al Fara’a Properties
Al Fara'a Properties was established by Al Fara’a Construction, Property and Industrial Group, and leverages the Group’s three decades of experience to build a world-class, professional and client-oriented property development arm. The services offered by Al Fara'a Properties include property development, sales, management, investment portfolio, facilities management, leasing and corporate client consultancy. Born out of the Al Fara'a Group's core values of integrity, customer satisfaction, building partnerships, ethical and professional service delivery, and commitment to enhance customer value, Al Fara’a Properties will keep on track to become one of the premier developers in the region.