M218 Blog (Dubai Marina)


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Tuesday, May 16, 2006

MAG 218 and Its Partners

The MAG 218 project consultant Dar al-Handasah is one of the lead consultants in the Jebel Ali airport project, Dubai World Central, partnered with France’s Aeroports de Paris. This suggests that Dar al-Handasah is a consultant of the highest caliber and it adds further credibility to the level of expertise that has gone into the design of the 218 tower.

One must expect further partnerships as MAG 218 developer, MAG PDD, will soon need to commission mechanical, electrical and plumbing (MEP) works and the main building contract. As discussed in a recent DM Blog (Dubai Marina) post, Construction Crunch, it may be necessary for developers like MAG PDD to partner with builders from further a field than has been common until now. Not only contractors but the supply chain for materials, equipment and labor that builders rely on is already stretched to its limits. This is the backdrop against which the MAG 218 tower is set to begin full-scale construction.

The fact is that the availability of local and regional contractors is becoming so tight that even if developers are willing to offer terms that are more favorable to the contractor than itself, there still may be no one to step forward with a bid. One way around such a predicament is for the developer to seek partnerships with builders from as far away as East Asia, Europe or North America. Not only could they benefit from the expertise such distant firms may have to offer, but they might also be able to tap into these agents’ supply lines, thus circumventing the bottlenecks which are sure to plague the regional market.

Of course, measures such as these entail greater expense, but may be unavoidable if the developer is to meet not only completion targets but quality targets as well. What losses there are in the developer’s profit margin might be more than made up for in a boost to its reputation as a builder who delivers as promised.

Go to MAG 218 Community homepage, Dubai Marina Communities or DM Blog.

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