Monday 23 October 2017
 
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3 BIG MIXED-USE DEVELOPMENTS

Araco wins $108m Dubai project work contract

DUBAI, 28 days ago

Abdul Rahim Architectural Consultants (Araco), a leading engineering consultant in design and project management in the UAE, has been signed up to work on three projects worth a combined Dh395 million ($108 million), in collaboration with a local, family-owned and operated real estate management, maintenance, development and rental company.

The mixed-use projects with different heights are located in International Media Production Zone (IMPZ), Al Furjan and Jumeirah Village Circle Dubai.

As per the deal, Aracao will be responsible for the architectural, MEP (mechanical, electrical and plumbing) and structural design; preparation of tendering process; and construction supervision across all three projects.

On the contract win, Bader AbuShaaban, the head of business development at Araco, said: "It is incredibly exciting for us to partner with such a forward thinking and innovative real estate specialist, on projects that contribute towards the continued development of Dubai as a destination for world-class developments and investments."

"These upcoming projects will feature some of the most cutting edge and contemporary architecture in the emirate and will no doubt enjoy strong demand from investors and residents," he noted.

With an estimated construction cost of Dh300 million ($82 million), the first project in the pipeline is a twin high-rise tower development located in Dubai’s International Media Production Zone (IMPZ).

Once complete, it will feature two basement floors, a ground floor and 18 stories with 539 units of one- and two-bedroom apartments. The residential amenities will include a gymnasium, family play area and swimming pool, which will all provide direct access to the central mezzanine plaza, said the statement from Araco.

The second project is located at Al Furjan, with close proximity to Nakheel’s under-expansion Ibn Battuta Mall complex and Discovery Gardens The building comprises two basement floors, a ground floor and 13 stories, featuring a gymnasium exclusively for the use of residents.

The 108 residential units will boast 54 one- and two-bedroom apartments and the building will include a fitness floor, featuring gymnasium and pool for residents, retail units and community amenities, with construction expected to cost Dh60 million ($16.3 million).

The third project that has been awarded to Araco is located at Jumeirah Village Circle (JVC).  The sleek and modern residential and commercial project features two basement floors, a ground floor and four storeys, which will house 40 one-bedroom and 19 two-bedroom apartments.

Adopting a contemporary architectural style, with glass used to maximize natural light and comfort inside, construction is estimated to cost Dh35 million. Community facilities for residents will include a gymnasium, swimming pool, retail units and other amenities.

"As Dubai nears the end of its next phase of growth ahead of Expo 2020, we are very proud to contribute to the continued development of the emirate’s building stock," noted AbuShaaban.

"Such cutting-edge, state-of-the-art projects as those initiated this year, don’t just provide Dubai’s residents with stylish, affordable homes but excellent investment opportunities for the future," he added.-TradeArabia News Service




Tags: contract | engineering | Dubai projects | Araco |

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