DAMAC Announced New Projects in Dubai

Saturday, May 16th, 2009

This week Damac announced its plans for new projects worth US $544 million (AED2 billion), eight of which will be awarded by the end of this year. Construction Week finds out what they are and when to expect tender documents.

1- DAMAC Heights, Dubai Marina

Description: This is a 90-storey residential tower at Dubai Marina featuring one-bedroom units up to duplexes and penthouse apartments.
Status: Enabling works contract award expected in Q4 2009.
Tender: Enabling works contract expected to be tendered this week, the main contract tender is due in October, while the main contract award can be expected in early 2010.

2- Amber Residence, Dubai World Central

Description: Ten-storey residential complex located at Dubai World Central residential city. The development will have retail outlets on the ground floor and feature studio, one and two bedroom units.
Status: Enabling works have been completed by National Piling and the main contractor is due to be appointed in Q3 2009.
Tender: Main contract expected to be tendered in June.

3- Park Central

Description: This is a 17-storey project designed to give views across the lake from three sides of the tower. It has parking on four levels.
Status: Enabling works have been completed by Al Habtoor STFA and the main contract is due to be awarded in Q3 2009.
Tender: Main contract expected to be tendered in June. (more…)

Saudi Arabian investment in the UAE remains strong, says Durar Properties

Thursday, July 3rd, 2008

Leading UAE-based property development company, Durar (‘jewels’ in Arabic) Properties, unveiled its newest residential project in Dubai today, at a gala event held at the spectacular Mina A’ Salam last evening.

Durar 1, a twin-building development, is a joint venture between Durar Properties and Ali and Sons, and is ably supported by leading Saudi-based real estate and property investment groups, Zuhair Al Habib, Saleh Al Habib Investments and Al Mutawa Investments.

“The involvement from Saudi Arabia in this project highlights the growing interest of the global community in the local real estate industry, with the UAE real estate sector attracting SAR 30 billion of investments in 2007. Durar Properties remains at the forefront of this trend and we anticipate continued support from the Kingdom ensuring that we build on our initial successes and launch even more lucrative projects in 2009 and the coming years,” said Mohammed Miqdadi, General Manager, Durar Properties.
(more…)

Dubai Sports City – Dubailand

Friday, June 27th, 2008

Dubai Sports City in Dubailand is the world’s first purpose-built integrated athletics and sports venue. It has on offer state of the art facilities on all major sports. There is an 18-hole championship golf course along with a cricket academy, soccer academy, tennis academy, golf academy, indoor and outdoor multipurpose stadiums, cricket stadium, apartment towers, clubs, swimming pools, gymnasia, schools, parks, mosques, clinics, multiplex cinemas, shopping malls, cafés and a host of other amenities in Dubai Sports City.