Al Zorah Lagoon Apartments — Ajman
Zorah Waterfront LLC · Northern Bay Contracting · Sahel Technical Bureau · Gulf Union Bank (demo data)
Contract value
AED 121.45M
Re-measured · FIDIC Red Book 1999
Bank exposure
AED 84.00M
AED 79.20M disbursed
Claimed vs verified
92.1% / 91.6%
Engineer certified 91.8%
Schedule variance
2%
Completion 2026-08-30
Claimed vs verified vs planned progress
AI-assisted — Professional Engineer approval required. Figures are model-generated from submitted evidence and are not certified until an engineer signs off.
Contract particulars
- Contract type
- Re-measured
- Form of contract
- FIDIC Red Book 1999
- Commencement
- 2022-09-01
- Contractual completion
- 2026-08-30
- Retention
- 10%
- Defect Liability Period
- 12 months
- Units
- 174
- Advance recovery
- 10%, pro-rata from IPC-004
- Variations approved
- 3 (AED 1.42M)