Emaar appoints contractor for Dubai project

26 July 2023
The project involves the construction of a 39-storey tower in Dubai

 

Register for MEED's guest programme 

Dubai-based real estate developer Emaar has awarded the main construction contract for the Golf Heights project to Al-Sahel Contracting Company. 

The project is located at Emirates Living in Al-Thanyah Third and involves the construction of a 39-storey residential tower comprising 277 one, two and three-bedroom apartment units.

KEO International Consultants is the design consultant and UAE-based Pinnacle International Piling Foundation is the piling contractor. The piling works are ongoing at the project site. 

The project is scheduled for completion by the fourth quarter of 2026.

In February, Emaar Properties reported a net profit of AED6.8bn ($1.9bn) in 2022, marking 80 per cent growth compared with the 2021 figure of AED3.8bn.

The company attributed its financial performance to the strengthening Dubai real estate market and rebound in global tourism, which drove its recurring-revenue businesses.

New project launches drove Emaar group's property sales to AED35.1bn in 2022, with a backlog of property sales reaching AED53.2bn.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.