Tuesday 8 October 2024
 
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Luxe picks Chinese contractor for $408m RAK residential project

RAS AL KHAIMAH, 7 hours, 54 minutes ago

The Luxe Developers, a UAE-based real estate development firm, has appointed China State Construction Engineering Corporation as the main contractor for the company’s AED1.5 billion ($408 million) Oceano development located on Al Marjan Island in Ras Al Khaimah.
 
Due for completion in 2026, Oceano comprises 206 units over 18 storeys and includes one-, two-, three-, and four-bedroom apartments, six penthouses, and the two exclusive sky villas. 
 
The development is located on a unique corner plot on Al Marjan Island and spreads across a built-up area (BUA) of 79,000 sq m. It will feature an infinity pool with Arabian Sea views connecting the twin tower development, cutting-edge fitness facilities featuring gyms and yoga studios, and rejuvenating spa services. 
 
The development features a range of distinctive design attributes, such as free-flowing glass facades and minimalist frames. Each floor rotates on different planes, ensuring every resident enjoys a unique and uninterrupted panoramic view of the Arabian Gulf. 
 
Announcing the contract, Luxe said the enabling works, including shoring, piling and excavation, have already  been completed by SS Lootah Foundations. Now, the Chinese group will be responsible for the main works construction, completion and maintenance for the project.
 
"China State Construction is firmly established, has a solid reputation, combined with a wealth of experience working on prestigious projects in the UAE, the wider Middle East region, and globally," said Shubam Aggarwal, the Chairman and co-owner of The Luxe Developers.
 
"Their expertise will be invaluable in delivering our vision of Oceano and ensuring it meets the criteria of our overseas and local ultra-high-net-worth clientele," he stated.
 
Tian Sanchuan, President of China State Construction Engineering Corporation (Middle East) said: "This partnership reflects our commitment to delivering excellence and innovation in every endeavour. We look forward to leveraging our extensive experience and expertise to bring this visionary development to life, ensuring it meets the highest standards for Luxe Developers."
 
Siddharta Banerji, the Managing Director and Co-owner of The Luxe Developers, said: "We are dedicated to building unique homes that create extraordinary living experiences that inspire and elevate."
 
"Every project we undertake underscores our commitment and dedication to craftsmanship and attention to detail while pushing the boundaries of design. Our vision is to redefine the standards of exclusivity and transform spaces into architectural landmarks that stand the test of time," he added.-TradeArabia News Service  



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