Omniyat awards The Opus contract to Multiplex
Thursday, March 27, 2008
The main construction contract of Omniyat's Dh.1.7bn 'The Opus', a commercial and retail development at Business Bay, has been awarded to Multiplex, one of the leading commercial construction contractors in the region.As per the contract, Multiplex has been given the responsibility of managing the development's construction and timely and on-budget delivery of the development.
The President and Chief Executive of Omniyat, Mehdi Amjad, said "The main factor behind awarding the contract of The Opus to Multiplex, is their excellent track record of delivering highly complex, prestigious and challenging projects. We are confident that Multiplex and Omniyat can work together to complete construction of The Opus in a timely and cost-effective manner."
The Opus, located on a unique 'Island' plot, is ideally positioned to provide tenants exclusivity, with a spectacular view of Burj Dubai and the Signature Towers, without any adjoining properties or projects.
Designed with the commercial tenant in mind, The Opus will be ready by 2010. At present more than 80 percent of the development has been sold out.
The project, designed by Zaha Hadid, the renowned architect, will enhance the Business Bay skyline with its unique, iconic, and artistic architectural structure.
Labels: Business Bay, Commercial Property, New Contracts, Omniyat
Construction of La Vista Residence project assigned
Sunday, March 02, 2008
Two firms have been appointed by Al Manal Development, to build the La Vista Residence project in Dubai Silicon Oasis (DSO).
Al Qandeel Contracting Company and Zahrat Al Safa Construction Company, has together won the combined contract, worth Dh.250million. The work on the residential property development is likely to commence in March this year.
Comprising seven residential buildings, with each being eight storeys high, the La Vista Residence Project, offers a total 832 residential units. The work on the first five buildings will be undertaken by Zahrat Al Safa Construction Company, while the work on the remaining two will be undertaken by Al Qandeel Contracting Company.
The project spreads over a built-up area of 943,000 square feet, covering 290,000 square feet of land. The project, which is likely to be complete by August 2009, offers a studio, single and double bedroom apartments, and is a pure family-oriented community with good schools and shopping malls in the neighbourhood. Other amenities include swimming pool, party hall, gymnasium, sauna and Jacuzzi kids pool, apart from 24 hours security and covered car parking for 860 vehicles.
Located in Dubai Silicon Oasis, in close proximity to the New Ring Road, Emirates Road and Dubailand and Academic City, more than 75 percent of the units have already been sold, ever-since the launch of the project, which happened in May 2007. The prices per square feet have surged by 15 percent, following the launch.
Social BookmarkingAl Qandeel Contracting Company and Zahrat Al Safa Construction Company, has together won the combined contract, worth Dh.250million. The work on the residential property development is likely to commence in March this year.
Comprising seven residential buildings, with each being eight storeys high, the La Vista Residence Project, offers a total 832 residential units. The work on the first five buildings will be undertaken by Zahrat Al Safa Construction Company, while the work on the remaining two will be undertaken by Al Qandeel Contracting Company.
The project spreads over a built-up area of 943,000 square feet, covering 290,000 square feet of land. The project, which is likely to be complete by August 2009, offers a studio, single and double bedroom apartments, and is a pure family-oriented community with good schools and shopping malls in the neighbourhood. Other amenities include swimming pool, party hall, gymnasium, sauna and Jacuzzi kids pool, apart from 24 hours security and covered car parking for 860 vehicles.
Located in Dubai Silicon Oasis, in close proximity to the New Ring Road, Emirates Road and Dubailand and Academic City, more than 75 percent of the units have already been sold, ever-since the launch of the project, which happened in May 2007. The prices per square feet have surged by 15 percent, following the launch.
Labels: Construction Projects, Dubai Silicon Oasis, New Contracts
DCC to construct new tower in Meydan City
Monday, February 18, 2008
Dubai Contracting Company (DCC) has been awarded a contract to construct new mixed-use tower in the Meydan City.
Located in the heart of Dubai's urban frontier, the project includes a total built-up area of 300,000 square feet, dedicated to luxurious, residential, commercial, and office spaces.
The tower would form a significant contribution to the Meydan City development, which includes 26 storeys, with two basements, a ground level and five podium floors.
Meeting both professional and residential needs, the modern high-quality tower will depict the standards applied to all other DCC turnkey projects.
"Located just about 7kms from the Dubai International Airport, the Meydan City, is a major future hub for Dubai, with high expectations for the project," said the DCC Contracts Director, Ian Harper.
Social BookmarkingLocated in the heart of Dubai's urban frontier, the project includes a total built-up area of 300,000 square feet, dedicated to luxurious, residential, commercial, and office spaces.
The tower would form a significant contribution to the Meydan City development, which includes 26 storeys, with two basements, a ground level and five podium floors.
Meeting both professional and residential needs, the modern high-quality tower will depict the standards applied to all other DCC turnkey projects.
"Located just about 7kms from the Dubai International Airport, the Meydan City, is a major future hub for Dubai, with high expectations for the project," said the DCC Contracts Director, Ian Harper.
Labels: Business Tower, Construction Projects, New Contracts
Major construction contract of The Pad awarded to Al Rostamani Pegel
Thursday, January 31, 2008
One of Dubai's leading real estate developer, Omniyat Properties, has awarded the main construction contract of its 'The Pad' development to a UAE-German joint-venture, Al Rostamani Pegel.The Pad, is an iconic 24-storey futuristic tech-savvy residential real estate development in Dubai, and is also the recipient of the prestigious 'Best International Apartment' award at the CNBC International Property Awards in Las Vegas, which is one of the largest industry accolades of its kind, in the world.
The President and CEO of Omniyat Properties, Mehdi Amjad, said "The Pad has earned various awards and distinctions from international development community for its advanced technological design and functionality."
The works have already commenced, and will be complete by December 2009.
Labels: Construction Projects, New Contracts, Omniyat
Sorouh awards Dh.465m Shams Abu Dhabi contract to Al Geemi
Monday, November 12, 2007
Sorouh Real Estate has awarded a contract worth Dh.465m to Al Geemi and Partners for construction of utilities and roads and infrastructure in Shams Abu Dhabi.
The integrated development, worth Dh.25billion is the flagship project of Sorouh on Reem Island, which on completion, would house 55,000 residents.
"Al Geemi and Partners are the leaders in construction industry who play a major role in development of Abu Dhabi, and we are happy to work with the leading contractors in the industry," commented Mounir Haidar, the CEO of Sorouh Real Estate.
Al Geemi and Partners have been handed over the responsibility to construct the main loop road, internal roads network, water mains, internal utilities, traffic control system, storm water works, street lighting, telecommunications, sewerage, irrigation and gas works.
On completion, Shams Abu Dhabi will comprise 100 towers with 22000 residential units, apart from a park covering one million square feet in area. The entrance of the development would have the eight-tower development, The Gate district with Sky Tower comprising 74 storey and Sun Tower comprising 64 storeys.
The First phase of the project would be complete by 2009.
Social BookmarkingThe integrated development, worth Dh.25billion is the flagship project of Sorouh on Reem Island, which on completion, would house 55,000 residents.
"Al Geemi and Partners are the leaders in construction industry who play a major role in development of Abu Dhabi, and we are happy to work with the leading contractors in the industry," commented Mounir Haidar, the CEO of Sorouh Real Estate.Al Geemi and Partners have been handed over the responsibility to construct the main loop road, internal roads network, water mains, internal utilities, traffic control system, storm water works, street lighting, telecommunications, sewerage, irrigation and gas works.
On completion, Shams Abu Dhabi will comprise 100 towers with 22000 residential units, apart from a park covering one million square feet in area. The entrance of the development would have the eight-tower development, The Gate district with Sky Tower comprising 74 storey and Sun Tower comprising 64 storeys.
The First phase of the project would be complete by 2009.
Labels: Abu Dhabi, Construction Projects, New Contracts, Sorouh
Al Naboodah awarded the construction of Dh.555mn i-Rise Tower
Tuesday, October 16, 2007
A leading Dubai real estate developer, Realty Capital Middle East FZ LLC, has awarded to Al Naboodah Contracting, a contract worth Dh.555 million for construction and implementation of the i-Rise Tower. The 37 storey commercial realty project is located in the TECOM (Technology and Media Free zone) in Dubai.
The tower will be the largest in the region, comprising a built-up area of more than 1 million and eight hundred square feet. The unique wave-like profile of the tower reflects the advanced infrastructure and the technology-focused vision of the development.
The i-Rise Tower will provide office modules that begin from 700 sq ft in size, in a free-zone location. The development also comprises the best amenities. The commercial project is so designed to include executive and corporate offices, coffee shops, restaurants, 18 high speed elevators, fitness center, retail space, a multi-storey car park and a helipad.
The CEO of Realty Capital - Middle East, Marwan G. Mansour, said "Time is critical for this project, as investors expect timely delivery of the project. With Al NAboodah on their wheels, we are confident about delivering the project in time, while also meeting the highest quality in standards. Currently the phase one of the project is progressing smoothly, and hence we expect a smooth transition to the second phase of construction."
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The tower will be the largest in the region, comprising a built-up area of more than 1 million and eight hundred square feet. The unique wave-like profile of the tower reflects the advanced infrastructure and the technology-focused vision of the development.The i-Rise Tower will provide office modules that begin from 700 sq ft in size, in a free-zone location. The development also comprises the best amenities. The commercial project is so designed to include executive and corporate offices, coffee shops, restaurants, 18 high speed elevators, fitness center, retail space, a multi-storey car park and a helipad.
The CEO of Realty Capital - Middle East, Marwan G. Mansour, said "Time is critical for this project, as investors expect timely delivery of the project. With Al NAboodah on their wheels, we are confident about delivering the project in time, while also meeting the highest quality in standards. Currently the phase one of the project is progressing smoothly, and hence we expect a smooth transition to the second phase of construction."
Labels: Business Tower, Construction Projects, New Contracts, Office Space
Zenath begins construction works on Dh.50mn Auto Showroom Complex
Wednesday, October 03, 2007
Zenath Real Estate has announced the commencement of construction works on the Dh.50million worth, auto Showroom complex in Dubai Investments Park.
Zenath, part of Khalid Abdullah Al Ghurair Group, is constructing a showroom in Partnership with Western Auto, a leading automobile trading company in UAE, also a part of ETA-Star Group.
Spread across an area of 101,000 Square Feet, the auto Showroom Complex comprises seven showrooms with various sizes, located in close proximity to the Emirates Road, Green Community, and the Emirates Road.
Apart from housing Western Auto vehicles, the showroom complex will be rented out to other automobile retailers who can influence the facilities and location of the complex. The complex will have ample parking space for visitors and each showroom will display advertising materials, and placement of promotion by the retailers.
The project is due for completion towards mid-2008.
The Group Director of Zenath, SM Sadique, says "The construction of the state-of-the-art auto showroom in partnership with Western Auto will add a new dimension to our project portfolio."
Zenath announced the launch of a new string of commercial, residential and hotel projects in UAE, worth Dh.2billion. Other projects in pipeline are 10 luxurious hotels across the country, a shopping mall in the Dubai Investments Park, and numerous other residential and commercial projects in and around Dubai.
Western Auto specializes in sales and purchase of vehicles in all categories. They provide a range of retail packages to meet all customer needs that range from import-export of automotive brands to luxury models, purchase and sales of new and used cars, finance packages, vehicle insurance and warranty, supply of spare parts, vehicle registration etc.
Social BookmarkingZenath, part of Khalid Abdullah Al Ghurair Group, is constructing a showroom in Partnership with Western Auto, a leading automobile trading company in UAE, also a part of ETA-Star Group.
Spread across an area of 101,000 Square Feet, the auto Showroom Complex comprises seven showrooms with various sizes, located in close proximity to the Emirates Road, Green Community, and the Emirates Road.
Apart from housing Western Auto vehicles, the showroom complex will be rented out to other automobile retailers who can influence the facilities and location of the complex. The complex will have ample parking space for visitors and each showroom will display advertising materials, and placement of promotion by the retailers.
The project is due for completion towards mid-2008.
The Group Director of Zenath, SM Sadique, says "The construction of the state-of-the-art auto showroom in partnership with Western Auto will add a new dimension to our project portfolio."
Zenath announced the launch of a new string of commercial, residential and hotel projects in UAE, worth Dh.2billion. Other projects in pipeline are 10 luxurious hotels across the country, a shopping mall in the Dubai Investments Park, and numerous other residential and commercial projects in and around Dubai.
Western Auto specializes in sales and purchase of vehicles in all categories. They provide a range of retail packages to meet all customer needs that range from import-export of automotive brands to luxury models, purchase and sales of new and used cars, finance packages, vehicle insurance and warranty, supply of spare parts, vehicle registration etc.
Labels: Construction Projects, New Contracts, Real Estate Projects
Omniyat Properties appointed CSCEC as main contractor for Bayswater project
Tuesday, September 11, 2007
Omniyat Properties, the real estate branch of the UAE-based 'Omniyat Holdings', has awarded its AED345 million (US$92million) 'Bayswater' project, a 25 storey commercial tower, to China State Construction Engineering Corporation (CSCEC), appointing them as the main contractor for the project.
The project, which is expected to come up on a prime waterfront location in Business Bay district, Dubai, has now stepped into its second phase, after the enabling works were completed by Al Dhafra Piling Contracting Company (APCC). At present, about 25 percent of the main construction and 33 percent of the overall development have already been completed.
Omniyat Properties have agreed that the work is progressing as scheduled, and the work is likely to be completed by the third quarter of 2008.
CSCED is the most successful and one of the largest international contractors in the world, bringing with it the rich experience of working in landmark properties across the glove, and have received numerous awards for timely delivery of projects, and for meeting quality standards.
The contract has been handed-over just after the confirmation from the developer that the first phase of construction work on this freehold commercial tower has been completed.
The Managing Director, CSCEC, Yu Tao, expressing the company's excitement to be involved in the unique and innovative project, said that they are proud to be associated with a developer such as Omniyat Properties, who has been developing the most technologically advanced properties.
The tower, designed by Dubarch, the leading Dubai-based architects, is unique in its shape and is an optical illusion which looks like two slim towers side by side to the viewer, taking the shape of the letter X.
The tower projects hi-tech features such as multiple access points, high ratios of parking to office space, 825 bays spread over the four podium floors and two basement. The building comprises two penthouse office floors, a podium with terrace, and a few waterfront loft-style offices.
Social BookmarkingThe project, which is expected to come up on a prime waterfront location in Business Bay district, Dubai, has now stepped into its second phase, after the enabling works were completed by Al Dhafra Piling Contracting Company (APCC). At present, about 25 percent of the main construction and 33 percent of the overall development have already been completed.
Omniyat Properties have agreed that the work is progressing as scheduled, and the work is likely to be completed by the third quarter of 2008.
CSCED is the most successful and one of the largest international contractors in the world, bringing with it the rich experience of working in landmark properties across the glove, and have received numerous awards for timely delivery of projects, and for meeting quality standards.
The contract has been handed-over just after the confirmation from the developer that the first phase of construction work on this freehold commercial tower has been completed.
The Managing Director, CSCEC, Yu Tao, expressing the company's excitement to be involved in the unique and innovative project, said that they are proud to be associated with a developer such as Omniyat Properties, who has been developing the most technologically advanced properties.
The tower, designed by Dubarch, the leading Dubai-based architects, is unique in its shape and is an optical illusion which looks like two slim towers side by side to the viewer, taking the shape of the letter X.
The tower is targeted to medium-sized companies looking for Grade-A office space.
The tower projects hi-tech features such as multiple access points, high ratios of parking to office space, 825 bays spread over the four podium floors and two basement. The building comprises two penthouse office floors, a podium with terrace, and a few waterfront loft-style offices.
Labels: Business Bay, Business Tower, Commercial Property, New Contracts, Office Space, Omniyat
City of Arabia appoints Hill International for supervision of Mall of Arabia construction
Monday, September 10, 2007
City of Arabia, the milestone project in the heart of Dubailand, has announced the appointment of Hill International, a leading global consulting firm, as the Construction Managers for the mega shopping complex, Mall of Arabia, which is one of the largest and ambitious retail outlets in the world.
Hill International has worked on major construction management projects such as the Shams in Abu Dhabi, Palm Jumeirah in Dubai, New York Hotel & Casino in Las Vegas and Comcast Center in Philadelphia.
"We are delighted to appoint Hill International as our Construction Managers. We have had a long standing relationship with Hill since 2005, and hence we appointed them as the Project Managers for City of Arabia development. We are confident that Hill can manage the construction of mega Mall of Arabia, with the progress of this challenging and innovative project further," say Ilyas Galadari, the Chairman, Ilyas & Mustafa Galadari Group.
The City of Arabia is the largest private property projects in the major development in Dubailand. The downtown Dubailand comprises the Mall of Arabia, the largest shopping mall in the region, a dinosaur theme park with 100 animatronic dinosaurs, the Restless Planet; and a 10km Wadi Walk, with Mediterrancean style apartments, shops and cafes apart from the canal - thirty four tower blocks for mixed use i.e., hotel, residential, commercial.
This realty project in Dubai, on its completion, will provided housing for about 35000 residents.
Social BookmarkingHill International has worked on major construction management projects such as the Shams in Abu Dhabi, Palm Jumeirah in Dubai, New York Hotel & Casino in Las Vegas and Comcast Center in Philadelphia.
"We are delighted to appoint Hill International as our Construction Managers. We have had a long standing relationship with Hill since 2005, and hence we appointed them as the Project Managers for City of Arabia development. We are confident that Hill can manage the construction of mega Mall of Arabia, with the progress of this challenging and innovative project further," say Ilyas Galadari, the Chairman, Ilyas & Mustafa Galadari Group.
The City of Arabia is the largest private property projects in the major development in Dubailand. The downtown Dubailand comprises the Mall of Arabia, the largest shopping mall in the region, a dinosaur theme park with 100 animatronic dinosaurs, the Restless Planet; and a 10km Wadi Walk, with Mediterrancean style apartments, shops and cafes apart from the canal - thirty four tower blocks for mixed use i.e., hotel, residential, commercial.
This realty project in Dubai, on its completion, will provided housing for about 35000 residents.
Labels: City-of-Arabia, Construction Projects, Dubailand, Mall-of-Arabia, New Contracts, Shopping Mall
Jog Union wins contract to develop Phase I of Yasmin Village
Sunday, September 02, 2007
The construction contract for the first phase of the Dh.800million Yasmin Village has been awarded to Jog Union Engineering by its developers Union Group of Companies (UGC) and the RAK Real Estate.
Yasmin Village is a rural, family-oriented commercial and residential project located in Ras Al Khaima.
The project will help in creating an environment-friendly neighbourhood, where only hybrid battery operated cars will be used. It will be a closed community with an environment-friendly surrounding wherein almost all aspect of the nature, including water will be recycled.
The UGC Director for Business Development, Mahesh Ram said that Jog Union was awarded the construction contract after a thorough due diligence process and after carrying out various rounds of critical evaluation.
Social BookmarkingYasmin Village is a rural, family-oriented commercial and residential project located in Ras Al Khaima.The project will help in creating an environment-friendly neighbourhood, where only hybrid battery operated cars will be used. It will be a closed community with an environment-friendly surrounding wherein almost all aspect of the nature, including water will be recycled.
The UGC Director for Business Development, Mahesh Ram said that Jog Union was awarded the construction contract after a thorough due diligence process and after carrying out various rounds of critical evaluation.
Labels: Construction Projects, New Contracts, Ras Al Khaima
DIP awards office tower project worth Dh.200 million to DCC
Sunday, August 26, 2007
The construction contract of Dubai Investment Properties (DIP) LLC Office Tower in Business Bay district of Dubai has been awarded to Dubai Contracting Company (DCC), a major international construction company in Dubai.
The project involves development of a luxurious forty five storey commercial tower, with a separate fourteen storey car park and two basements on Sheikh Zayed Road.
The Investment and Marketing Manager of DCC, Wissam Otaky, said "The DIP tower is a great addition to our projects portfolio, and provides office space solutions with premium quality finishing."
The commercial project will spread over an area of 70,172 square meters, and will comprise of the latest and state-of-the-art technologies, meant for business purposes with supreme functionality, without any kind of compromise on elegance and aesthetics.
DCC, along with Arkiteknik International Consulting Engineers, who are also the architects behind projects such as the Twin Towers Deira, Flora Creek, and the Grand Hyatt Dubai, will together carry the project forward. The tower is in preliminary stages of construction and is due to be completed by 2009.
Social BookmarkingThe project involves development of a luxurious forty five storey commercial tower, with a separate fourteen storey car park and two basements on Sheikh Zayed Road.
The Investment and Marketing Manager of DCC, Wissam Otaky, said "The DIP tower is a great addition to our projects portfolio, and provides office space solutions with premium quality finishing."
The commercial project will spread over an area of 70,172 square meters, and will comprise of the latest and state-of-the-art technologies, meant for business purposes with supreme functionality, without any kind of compromise on elegance and aesthetics.
DCC, along with Arkiteknik International Consulting Engineers, who are also the architects behind projects such as the Twin Towers Deira, Flora Creek, and the Grand Hyatt Dubai, will together carry the project forward. The tower is in preliminary stages of construction and is due to be completed by 2009.
Labels: Business Bay, Construction Projects, New Contracts
Nakheel appoints SMRTE for operation of the Palm Monorail project
Monday, August 06, 2007
Nakheel has appointed SMRT Engineering, a subsidiary of SMRT Corporation of Singapore, for the operations of Dh.1.4 billion monorail in The Palm Jumeirah.
The contract will be finalized and SMRTE will soon be appointed as the operator for The Palm Monorail.
The contract was awarded to SMRTE by Nakheel through a competitive tender. There were four international submissions that have been reviewed over a span of three months.
The Palm Monorail is the first of its kind in the Middle East, and is expected to be developed by a group of major international companies under the leadership of Marubeni Corporation. The monorail is a Hitachi-based double tracked system that are 5.45kms elevated with four stations. The project is hundred percent automatic and driverless, although an attendant will always be available on board. The monorail has the capacity to carry about 2400 passengers per hour in each route in four separate trains, with three cars. The maximum capacity would be to carry 6000 people in nine vehicles.
The construction work is expected to be completed by November 2008, and happens to coincide with the Atlantis launch, The Palm Jumeirah.
The Palm Monorail, apart from being the first such system in the region, will also turn out to be a global milestone for the transportation industry.
Social BookmarkingThe contract will be finalized and SMRTE will soon be appointed as the operator for The Palm Monorail.
The contract was awarded to SMRTE by Nakheel through a competitive tender. There were four international submissions that have been reviewed over a span of three months.
The Palm Monorail is the first of its kind in the Middle East, and is expected to be developed by a group of major international companies under the leadership of Marubeni Corporation. The monorail is a Hitachi-based double tracked system that are 5.45kms elevated with four stations. The project is hundred percent automatic and driverless, although an attendant will always be available on board. The monorail has the capacity to carry about 2400 passengers per hour in each route in four separate trains, with three cars. The maximum capacity would be to carry 6000 people in nine vehicles.
The construction work is expected to be completed by November 2008, and happens to coincide with the Atlantis launch, The Palm Jumeirah.
The Palm Monorail, apart from being the first such system in the region, will also turn out to be a global milestone for the transportation industry.
Labels: Construction Projects, Nakheel, New Contracts, Palm Islands, Palm Jumeirah
L&T joint venture wins construction deal worth $150m
Saturday, August 04, 2007
According to a statement, The L&T - ECC (Eastern Contracting Company) joint venture has been awarded the $150 million construction contract for construction of Victory Heights Golf Residential and Development.
The Victory Heights Golf Residential and Development is basically a joint-venture between the Dubai Sports City and Arcapita, an investment Bank based in Bahrain.
The L&T-ECC joint venture will construct the final phase of the Victory Heights luxury residential community project in Dubai Sports City.
The project comprises construction of 295 villas in the Calida, Novelia, Carmen and Morella villages of the community. The entire project of Victory Heights covers 25 million square feet of space and contains 935 town homes and villas located in and around 'The Dunes' golf course. Prices begin from Dh.2.87 million.
Social BookmarkingThe Victory Heights Golf Residential and Development is basically a joint-venture between the Dubai Sports City and Arcapita, an investment Bank based in Bahrain.
The L&T-ECC joint venture will construct the final phase of the Victory Heights luxury residential community project in Dubai Sports City.
The project comprises construction of 295 villas in the Calida, Novelia, Carmen and Morella villages of the community. The entire project of Victory Heights covers 25 million square feet of space and contains 935 town homes and villas located in and around 'The Dunes' golf course. Prices begin from Dh.2.87 million.
Labels: Dubai Sports City, New Contracts, Real Estate Company, Villa Projects
Al Mazaya appoints GCC as main contractor for Dh.1.25b project
Wednesday, August 01, 2007
The General Construction Company (GCC) has been appointed as the main contractor for the Al Mazaya Business Avenue project at the Jumeirah Lakes, worth Dh.1.25billion. The contract work has been handed over to GCC by Al Mazaya Holding.
The project comprises three towers of forty five storey each, for commercial purpose. The cost of construction is said to touch Dh.799million. The project is scheduled for delivery by 2009.
The Executive Manager and CEO of Al Mazaya Holding, Khalid Esbaith, said “The economic growth of UAE has prompted several international firms to open branches in the UAE and Dubai. However, there is a lack of office space. Al Mazaya Business Avenue will help in alleviating the shortage of commercial office space to a great extent.”
Among the three towers of the project, the first tower was snapped by the Hilal Al Zarroni Group and Dynasty Enterprises for $111 million, the second building was stumped by Hilal Al Zarooni and Baraq Group for $109 million. The third tower will be let out as a long term investment for Al Mazaya to generate revenue.
Social BookmarkingThe project comprises three towers of forty five storey each, for commercial purpose. The cost of construction is said to touch Dh.799million. The project is scheduled for delivery by 2009.
The Executive Manager and CEO of Al Mazaya Holding, Khalid Esbaith, said “The economic growth of UAE has prompted several international firms to open branches in the UAE and Dubai. However, there is a lack of office space. Al Mazaya Business Avenue will help in alleviating the shortage of commercial office space to a great extent.”
Among the three towers of the project, the first tower was snapped by the Hilal Al Zarroni Group and Dynasty Enterprises for $111 million, the second building was stumped by Hilal Al Zarooni and Baraq Group for $109 million. The third tower will be let out as a long term investment for Al Mazaya to generate revenue.
Labels: Business Tower, Construction Projects, Dubai Real Estate, New Contracts, Real Estate Company
Victory Heights Villa contract awarded to Al Jaber
Tuesday, July 24, 2007
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.
Social BookmarkingThe 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.
Labels: Dubai Sports City, New Contracts, Real Estate Projects, Villa Projects
The Aldar Resort deal awarded to Six Construct
Sunday, July 22, 2007
Aldar Properties, the leading Abu Dhabi developer, has awarded the construction contract of its Al Gurm Resort Residential villas to Six Construct.
The construction will include the supervision of the infrastructure development, and its related service. The luxury villas will be developed in different phases and is scheduled for completion by May 2009.
The Al Gurm Resort will be located in the tropical mangrove forests of Abu Dhabi, on the edge of waters with lagoons and indigenous wildlife, with about sixty species of birds. The resort will consist of seventy three luxury homes, and about 158 five-star suites and will be managed by the Banyan Tree Hotel Resorts.
The Aldar Chariman, Ahmad Al Sayegh, said "Aldar is proud of the Al Gurm Resort project. Apart from being an icon for Abu Dhabi, the stunning residential development will significantly add to the already expanding tourism sector of the emirate, through the world-class hotel that is likely to be established."
Social BookmarkingThe construction will include the supervision of the infrastructure development, and its related service. The luxury villas will be developed in different phases and is scheduled for completion by May 2009.
The Al Gurm Resort will be located in the tropical mangrove forests of Abu Dhabi, on the edge of waters with lagoons and indigenous wildlife, with about sixty species of birds. The resort will consist of seventy three luxury homes, and about 158 five-star suites and will be managed by the Banyan Tree Hotel Resorts.
The Aldar Chariman, Ahmad Al Sayegh, said "Aldar is proud of the Al Gurm Resort project. Apart from being an icon for Abu Dhabi, the stunning residential development will significantly add to the already expanding tourism sector of the emirate, through the world-class hotel that is likely to be established."
Labels: New Contracts, New Hotels, Resorts
Arabtec awarded the Dh.1billion hotel contract
Thursday, July 19, 2007
Arabtec, together with Dubai Contracting Company (DCC) have won a contract, worth Dh.1 billion for working on a hotel on Shaikh Zayed Road in Dubai.
The work includes the main hotel building construction, comprising four basement levels, mezzanine and ground floors and fifty one storeys, Arabtec has revealed.
The contract is worth Dh.1,076 million, but the company who has awarded the work is yet to be disclosed.
Arabtec Holding, Managing Director, Riad Kamal, said "The participation of DCC with Arabtec in this joint venture is due to the successful track record of earlier joint-venture for the construction work of the Fairmont Hotel in Dubai."
Arabtec, established in 1975, employs more than 24,000 people.
Social BookmarkingThe work includes the main hotel building construction, comprising four basement levels, mezzanine and ground floors and fifty one storeys, Arabtec has revealed.
The contract is worth Dh.1,076 million, but the company who has awarded the work is yet to be disclosed.
Arabtec Holding, Managing Director, Riad Kamal, said "The participation of DCC with Arabtec in this joint venture is due to the successful track record of earlier joint-venture for the construction work of the Fairmont Hotel in Dubai."
Arabtec, established in 1975, employs more than 24,000 people.
Labels: Arabtec, Construction Projects, New Contracts
Dh.500m 'The Prism' contract awarded to Commodore Contracting
Sunday, July 15, 2007
The contract for Dh.500million flagship project, 'The Prism' at the Business Bay, has been awarded to Commodore Contracting by Credo Investments.
The President of Credo Investments, Sajjad M. Rashid, and the Commodore Contracting Chairman, Ameen Hesdin, have signed the contract for the project, due to be one of the most prestigious commercial properties in Business Bay.
The CEO of Credo Investments, Mohammad Dewji, said, "We have appointed reputed companies for contracting and project management, and as Business Bay, by itself is a prestigious development, we offer an equivalent quality standard to our investors in The Prism. The quality and safety which pervades in all our projects have helped us in creating trust among all our clients."
Rashid also mentioned that the ideal location of The Prism is a great advantage. The Prism, being located at the entrance of the 64million square feet Business Bay, overlooks Shaikh Zayed Road.
Rashid assured that all aspects of the project are being taken into consideration carefully, so that the property could be handed over on time.
The work on three main elements of Business Bay, such as the laying of foundation towers, establishing ultra-modern infrastructure and extension of Dubai Creek are going on at a speedy pace. Quite a few local and global companies have already chosen it as their business location in future.
Social BookmarkingThe President of Credo Investments, Sajjad M. Rashid, and the Commodore Contracting Chairman, Ameen Hesdin, have signed the contract for the project, due to be one of the most prestigious commercial properties in Business Bay.
The CEO of Credo Investments, Mohammad Dewji, said, "We have appointed reputed companies for contracting and project management, and as Business Bay, by itself is a prestigious development, we offer an equivalent quality standard to our investors in The Prism. The quality and safety which pervades in all our projects have helped us in creating trust among all our clients."
Rashid also mentioned that the ideal location of The Prism is a great advantage. The Prism, being located at the entrance of the 64million square feet Business Bay, overlooks Shaikh Zayed Road.
Rashid assured that all aspects of the project are being taken into consideration carefully, so that the property could be handed over on time.
The work on three main elements of Business Bay, such as the laying of foundation towers, establishing ultra-modern infrastructure and extension of Dubai Creek are going on at a speedy pace. Quite a few local and global companies have already chosen it as their business location in future.
Labels: Business Bay, Construction Projects, New Contracts
Ed Zublin awarded the Dh.380 million Injazat contract
Monday, July 09, 2007
Ed Zublin has been awarded the Dh.380 million contract by Aldar Properties for construction of Inja-zat's data center and office facility.
Injazat Data System, one of the leading Information Technology Outsourcing (ITO) and Business Processing Outsourcing (BPO) company has announced that the new project will enable advanced IT-enabled services and hosting facility.
The project, located at Madinat Mohammad Bin Zayed in Abu Dhabi, covers 17,000 square meters in area and comprises a two storey Tier IV data center with a data hall of 2000 square meter in size designed to support about 9000 serves and associated infrastructure.
It also comprises a headquarters with five storey, that has the capacity to accommodate about thousand employees, featuring a 200-seat auditorium, library, gymnasium, coffee shop, eight storey car park and other recreational facilities.
"The selected contractor and design teams for the project are quite reputable and are ideal to implement the scope of requirements for such a high-profile project. Zublin was selected after an extensive commercial and technical evaluation process and were chosen on the demonstration of their expertise and market experience to implement the project," said the Senior Development Manager of Aldar Properties, HAzem Al Nowais.
The Manager of Data Center Services at Injazat said that the data center is likely to offer world-class services, while also giving us the ability to expand our service coverage across the entire region, providing clients with high level of performance.
Social BookmarkingInjazat Data System, one of the leading Information Technology Outsourcing (ITO) and Business Processing Outsourcing (BPO) company has announced that the new project will enable advanced IT-enabled services and hosting facility.
The project, located at Madinat Mohammad Bin Zayed in Abu Dhabi, covers 17,000 square meters in area and comprises a two storey Tier IV data center with a data hall of 2000 square meter in size designed to support about 9000 serves and associated infrastructure.
It also comprises a headquarters with five storey, that has the capacity to accommodate about thousand employees, featuring a 200-seat auditorium, library, gymnasium, coffee shop, eight storey car park and other recreational facilities.
"The selected contractor and design teams for the project are quite reputable and are ideal to implement the scope of requirements for such a high-profile project. Zublin was selected after an extensive commercial and technical evaluation process and were chosen on the demonstration of their expertise and market experience to implement the project," said the Senior Development Manager of Aldar Properties, HAzem Al Nowais.
The Manager of Data Center Services at Injazat said that the data center is likely to offer world-class services, while also giving us the ability to expand our service coverage across the entire region, providing clients with high level of performance.
Labels: New Contracts, Office Space
Tameer and ACC signs deal worth Dh.605m
Sunday, July 01, 2007
Tameer Holding has entered into an agreement with Arabian Construction Company (ACC), worth Dh.605 million, for being the main contractor of Elite Residence in Dubai Marina.
ACC has already been custom-made to work on Tameer's Princess Tower in Dubai.
The Elite Residence comprises ninety one storeys with eighty two residential floors, four basements, four car parking floors, covering an area of 1.4 million square feet at a height of 380 meters.
"Our timetable for completion of the project is thirty months, after the preparation of piling operations and the site", says Hassan Auji, ACC General Manager.
Social BookmarkingACC has already been custom-made to work on Tameer's Princess Tower in Dubai.
The Elite Residence comprises ninety one storeys with eighty two residential floors, four basements, four car parking floors, covering an area of 1.4 million square feet at a height of 380 meters.
"Our timetable for completion of the project is thirty months, after the preparation of piling operations and the site", says Hassan Auji, ACC General Manager.
Labels: New Contracts