Tuesday, July 24, 2007

Victory Heights Villa contract awarded to Al Jaber

Al Jaber, the Abu Dhabi-based group, has been awarded the Dh.977 million contract for construction of 579 villas in the Victory Heights cluster of the Dubai Sports City.

The Victory Heights Golf Residential Development is a joint-venture between the Dubai Sports City and Arcapita, a Bahrain-investment bank.

The Phase one comprises construction of the 579 of the total 935 villas of the prestigious victory heights golf course villa community, located within Dubai Sports City.

The total value of the contract is Dh.977million, and the first set of homes will be delivered during April 2008.

The General Manager of Victory Heights, Yasser Abdullah, said "The Victory Heights development is a unique endeavour and choosing the right contractors is imperative to ensure first-class quality. Al Jaber met our stringent requirements with their excellent track record and experience with other high level developments across the region."

Apart from a few five-bedroom A and B type villas, majority of the Phase one of the golf course villas and townhouses have already been sold out.

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