Sunday, March 30, 2008

Arabtec wins the $112.2m Sanctuary Falls contract

Arabtec Holding, the largest construction firm in UAE, has been awarded a $112.2million worth residential contract, the 'Sanctuary Falls', the first resort-style residential golf community in the UAE.

Sanctuary Falls Jumeirah
Launched in July 2007, the Dh.850million Sanctuary Falls aims to establish a new benchmark in community living, says the project developer, Shaikh Holdings.

The development, which has been awarded as the 'Best Golf Development' by CNBC Arabian Property Awards in 2007, has already drawn the attention of investors around the world.

Arabtec will begin construction of 96 distinctly styled resort villas of Sanctuary Falls in April 2008, which will be complete towards the first quarter of 2010.

"We consider Arabtec to be the ideal partner for this project, as they have demonstrated commitment to excellence and in-depth experience in projects such as the custom luxury villas in Emirates Hills and the world's tallest tower, Burj Dubai," said Emran Shaikh, CEO, Shaikh Holdings.

With 96 resort-style villas, overlooking the Earth golf course, Sanctuary Falls feature a selection of various architectural views and styles, with each home meticulously designed to provide unique and inspired living experience. The development provides access to two signature golf courses designed by Greg Norman, apart from offering panoramic views of cascading waterfalls, golf course or nature views. Spreading over an area of 5,600 to 10,600 square feet, it comprises five and six bedroom villas, designed with three various architectural designs - traditional, modern and contemporary. Other amenities include arrival water fountains, swimming pools, landscaped gardens and outdoor seating areas, Scavolini designer kitchen, Bang and Olufesen home theatre and a dedicated concierge.

"The Sanctuary Falls Villas will be built on par with highest construction standards, with latest building materials and efficiency systems. The project emphasizes the high demand for signature lifestyle developments in the booming GCC real estate market, and we look forward to work closely with Shaikh Holdings to create the most dynamic and vibrant communities in UAE," said Riad Kamal, CEO of Arabtec Construction.

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