Nakheel awards residential, retail projects worth Dh563m

Nakheel awards residential, retail projects worth Dh563mImage Credit: Supplied

Nakheel has awarded three contracts with a combined value of almost Dh563 million for construction projects at its Al Furjan and International City communities.

The developer further said that two contracts collectively worth nearly Dh526 million will be for the construction of 401 villas and terraced houses at Nakheel's Al Furjan community.

A contract covering 249 homes and valued at Dh310.6 million was awarded to Ginco General Contracting, while a Dh215.4-million contract was awarded to United Engineering Construction for the construction of 152 residences.

Under both contracts, construction is due for completion in 18 months.

Nakheel also awarded a contract for Dh36.8 million to Metac General Contracting Company to build a new community retail centre at International City. Construction of the 79,000-sq-ft shopping and dining facility is scheduled to take 12 months.

The community centre will have 24 shops and six restaurants and coffee shops. Nakheel has also revealed that two-thirds of the available leasing space at the community centre has been booked.

The retail and dining facility will mainly serve residents at International City as well as neighbouring communities.

Source: Staff Report, Property Weekly,


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