Al Attar Properties has confirmed that it could begin foundation work on its Vue De Lac project in Jumeirah Lake Towers as early as this week.
The development includes three towers - K1, K2 and K3. Each was originally scheduled for handover in September 2007, but the project has since been pushed back to the third quarter of 2010.
Al Attar projects manager Bipin Pudiyadath said, "We should be able to begin the raft foundation within a week or two maximum, and we should be able to start the entire construction after the raft work."
He also said the company was waiting for Dubai to release its green regulations in January before it begins construction in order to comply with the code. "Once the regulations come out, we are just waiting for the approval (of the design) which we should get by January," Pudiyadath said.
The declaration follows complaints from investors of the project who said the delay was costing them "thousands of dirhams a year."