Wednesday, November 26, 2008

Nakheel's Forbidden City Phase I contract awarded to Gammon & Billimora

Forbidden city from NakheelNakheel's new project in International City, namely, the 'Forbidden City' has been awarded for construction of its first phase, to Gammon and Billimoria.

The new affordable housing cluster draws inspiration from the legendary Royal Court Palace of Imperial China. Forbidden City will comprise 4000 low-rise studio, single and double bedroom apartments. Located at the core of the development will be a landscaped vista, leading its way to an ornate grand Mosque, the spiritual centerpiece of the community.

The work on the development, which began last April would be complete by 2011. The project would be completed in four phases.

The prices of studio is nearly Dh.730,000 while that of single bedroom apartments would be Dh.950,000 and double bedroom would bear a starting price of Dh.1.4million.

According to Rashid Obaid Al Helli, General Manager, Nakheel's International City, about 40 percent of the units at the Forbidden City have already been sold out. Here, a buyer is forbidden to purchase more than three properties, so as to eliminate speculators and help end-users enter the market.

However, Nakheel plans to retain few rental units in the project. Apart from 40,000 homes, the project includes 50 retail stores, restaurants, food outlets, boutiques and internet cafes. The close proximity to the Dragon Mart (the wide range of Chinese merchandise outside mainland China) and the Lake District (a well-planned residential community offering wonderful views of Al Warsan Lake) are few other attractions for residents. The Al Warsan Lake is one of the few freshwater wetlands in UAE, housing 190 species of birds, including the rarest ever known to Arabian Peninsula. Nakheel plans to introduce suitable amenities here, which would enable public to enjoy the wildlife there.

Gammon & Billimoria LCC is the new joint-venture company by two of the leading Indian construction companies, who have joined hands in Dubai, and is all set to undertake general construction projects in the UAE and GCC countries, with their immense wealth of experience on all kinds of civil and building engineering works.

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