UK Capital Investments Group (UKCIG), the international developer of prestigious projects such as the Metropolis Lofts in Jumeirah Village will complete the construction of Marina Star, the 32-story residential development by first quarter of 2011.

Marina Star is located on a prime location at Emaar’s master planned Dubai Marina, directly on Marina Walk. The project has nearly completed the first phase of its rise; with the excavation and piling to be completed before the end of 2008.

UKCIG is a registered company in the UAE with the Jebel Ali Free Zone Authority and accredited with RERA (Real Estate Regulatory Authority). In compliance with new legislative and regulatory requirements applicable to all developers in the UAE; UKCIG is finalizing the process of becoming a fully-fledged onshore developer in the Emirates.

In furthering this commitment, the company is re-investing to grow and strengthen its operations in Dubai. A new board of directors has been appointed to lead the new heads of departments for legal, HR, projects, sales and marketing affairs.

Adam Covell, UKCIG’s Projects Director said, “our team is efficiently proceeding through this project to ensure that the owners can move in by the first quarter of 2011; our property is 100% sold out.”

Construction continues at the Marina Star, Liam Crawford, UKCIG’s property construction manager added, “our main contractor is expected to take over the project by October 2008 since we have completed the diaphragm wall in compliance laws governing the construction of marina-front properties; our anchoring is over 75% complete and piling is progressing on schedule by the Dutch Foundation Company.”

UKCIG’s other Dubai-based developments include Metropolis Lofts. The Lofts master developer is Dubai Government-owned Nakheel. The company’s escrow account is managed by Tamweel.

© 2008 Al Bawaba (www.albawaba.com)