Emaar Properties has awarded the construction contract for its Dubai Creek Residences project in Dubai Creek Harbour to Al Basti & Muktha (ABM), a Dubai-based construction firm.
Ahmad Al Matrooshi, Managing Director of Emaar Properties, with Tushar Pathak, Chairman of ABM and MD Narayan, Executive Director of ABM.
Dubai Creek Residences comprises a complex of six residential towers that form part of The Island District, a vibrant lifestyle hub in Dubai Creek Harbour, a six square kilometre modern development.
Located along the creek near the Dubai International Airport, the master-planned community is three times the size of Downtown Dubai.
Scheduled for handover in 2018, the towers are located in the heart of the city and in close proximity to a retail and lifestyle district that will be highlighted by an iconic development. The Island District will have over 1,000 hotel rooms and over 600 luxury retail shops and cultural amenities.
The six 30- to 40-storey residential towers have received strong investor response, Emaar said.
Ahmad Al Matrooshi, Managing Director of Emaar Properties, said: "Dubai Creek Residences forms the first residential complex in Dubai Creek Harbour and brings an unmatched value proposition for investors and end-use home-owners. With the construction contract awarded to ABM, we are underlining our commitment to deliver the homes as per schedule in 2018."
Tushar Pathak, Chairman of ABM, said: "We will construct the project as per Emaar's high specifications using the latest technological know-how and ensuring the highest quality finishes."