Arabtec Holding said on Wednesday its subsidiary Arabtec Construction has been awarded a contract to construct over 1,500 townhouses developed by Emaar Properties in Reem, the master-planned community, in Dubai for a total value of Dh1.037 billion.
The 1,582 townhouses are part of the Mira community, the first phase of Reem. The villas come in four different types, covering a total built area of 337,805 sq.m with the villa community designed by BH.NS Engineering Consultant.
Hasan Abdullah Ismaik, Managing Director and CEO of Arabtec Holding, said: “This new project is a quality addition to our long history of cooperation. Emaar’s continued trust in Arabtec is testament to our established strength in delivering major developments on time and with high quality.”
Arabtec was engaged in the construction of a number of Emaar’s iconic projects, including Burj Khalifa, the world’s tallest building, The Address Downtown Dubai, Emirates Hills, and the luxury Polo Homes in Arabian Ranches, among others.
Ismaik added: “This project adds further momentum to an already strong start of the year. The volume of contract wins we have bagged so far promises to take our backlog to unprecedented heights. We certainly look forward to another exceptional year for Arabtec.”
Located near Arabian Ranches at the crossroads of Al Qudra Road and Emirates Road, Reem is one of the most sought-after communities in Dubai. It is defined by several exotic features including a desert botanical park, sand surfing and camel riding trails, go karting track, dune buggies, rock climbing wall, cricket pitch, soccer field, and a skate park. The development is anchored by a majestic central park with interactive fountains, walkways and a captivating water feature.
Construction work of Mira townhouses is scheduled to begin in the first quarter of 2014 and the project will be delivered in 24 months.
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