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Developer confirms agreements for Al Furjan and International City communities

Nakheel awards construction contracts worth over Dhs500m

: Thursday, March 20 - 2014 @ 10:18

Nakheel awarded three contracts, with a combined value of almost Dhs563m, for construction projects at its Al Furjan and International City communities in Dubai.

Among them are two contracts – together worth nearly AED526 million – for the construction of 401 villas and terraced houses at Nakheel’s Al Furjan community. The first, covering 249 homes and valued at Dhs310.6m, was awarded to Ginco General Contracting; the other to United Engineering Construction (UNEC) for 152 homes, contract value AED215.4. Under both contracts, construction is due for completion in 18 months.

Nakheel also awarded a contract for Dhs36.8m to Metac General Contracting Company LLC to build a new community retail centre at International City. Construction of the 79,000 square foot shopping and dining facility is scheduled to take 12 months.

The community centre, where two-thirds of the available leasing space is already booked, will have 24 shops and six restaurants and coffee shops. The facility will serve residents in International City as well as people living at nearby Warsan Village, Nakheel’s new gated community of 940 townhouses.

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Thursday, March 20- 2014 @ 10:18 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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