The Dubai-based Arabtec Construction has secured a AED1.6bn ($436m) contract to design and construct 1,437 villas in Dubailand.
The villas will be located in the Bawadi project within the mixed-use development in Dubailand. Construction is expected to take approximately three years.
The client is the Emaar-Bawadi joint venture.
It is the latest in a series of villa contracts awarded to the local contractor. In June the firm was awarded an estimated AED3bn contract to build the first phase of villas at the Al-Furjan development in the Jebel Ali area of Dubai.
It is also constructing villas in a number of other Dubai projects including Dubai Silicon Oasis and Sanctuary Falls (MEED 8:6:08).
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