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Dubai developer Nakheel has signed three contracts worth Dh2.4 billion for construction work at a new mixed-use community of more than 1,500 villas and serviced residences at Nad Al Sheba. The project will be built in three packages by UAE-based Trojan General Contracting, United Engineering Construction and Metac General Contracting Company. The contracts are for 1,439 residential villas.
Nakheel awarded a Dh830-million contract to Trojan for main community infrastructure work and the construction of 489 villas, a Dh789-million contract to Trojan for main community infrastructure work and the construction of 489 villas, a Dh789-million contract to Unec for 482 villas and infrastructure work, and a Dh781-million contract to Metac for 468 villas and infrastructure.
Spanning 2.5 million sq ft, with extensive landscaping and parks, Nakheel’s Nad Al Sheba community includes three- to five-bedroom homes for lease and a separate resort-style complex of around 100 high-end serviced villas, all with private pools.
The community, expected to be completed in early 2018, will also feature facilities such as a club house, community swimming pool, sports courts and a retail centre with around 30 shops and cafés.
Residents and guests at the serviced villa complex will enjoy exclusive access to an additional range of high-end facilities and services, including a health club with spa, wellness centre and lap pool, a restaurant, in-villa private dining and housekeeping and laundry services.
Nad Al Sheba is one of the latest projects in Nakheel’s leasing, hospitality and retail offerings. The company said it has more than 15,000 new residential units for lease in the pipeline, including 10,000 at Jebel Ali Gardens, launched at Cityscape last week. Its current residential leasing stock has around 17,000 units.
Source: Property Weekly