• Alec awarded contract to build a school at the Akoya Development in Dubai
  • Emirates Reit acquired a freehold plot worth $26.8m

The local Alec has been awarded the contract to build the New Jebel Ali School in the Akoya development in Dubai.

The estimated AED109.8m ($29.8m) contract involves building a school with a built-up area of about 20,800-square-metres. It will include a foundation, primary and secondary school, as well as a sports centre and an auditorium.

The lead consultant for the project is UK’s Broadway Malyan. UK-based Shepard Gilmour is the structural engineer and Hong Kong’s CSA (M&E) Gulf is the mechanical, electrical and plumbing (MEP) engineer for the scheme.

Emirates Reit acquired the freehold plot from the local Damac Crescent Properties, worth AED98.5m ($26.8m).

The trust will fund the development of the new school and has entered into a 26-year lease with Jebal Ali School for their new facility.

Emirates Reit has a property portfolio that includes another education facility, Gems World Academy, among six other properties in Dubai.

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