Emaar awards Arabtec Dhs1.04bn townhouses deal

March 6, 2014 2:06 am

Emaar Properties has awarded Arabtec Holding’s construction unit a Dhs1.04bn ($282m) contract to build townhouses in Dubai, Bloomberg has reported. Under the terms of the deal, Arabtec is to build 1,582 properties at Emaar’s Mira community, the first phase of Reem development located near Arabian Ranches. Designed by BH.NS Engineering Consultant, construction on the villa community is expected to start this quarter, said Arabtec.