Companies submitted bids for the construction work in November last year
The local Alec has started work construction work on the estimated AED2.8bn ($763m) shopping mall the Dubai Hills development for local developer Emaar Properties
Emaar received bids from contractors for the construction work in November last year.
The Dubai Hills scheme covers an area of 11 million square metres and includes gated villa communities, a commercial centre and high-end retail centres, as well as low-rise and mid-rise residences, hotels and serviced hotel apartments. There will also be schools, clinics, mosques and an 18-hole golf course.
Canadas EllisDon is the programme manager for the development.
Emaar Properties recently awarded Indias Shapoorji Pallonji an estimated $150m deal to build the business park at Dubai Hills.
Other contractors are already working on the scheme. The local Engineering Contracting Company (ECC) is working on the Mulberry Heights residential buildings, and the local Al-Basti Muktha is building villas at the development.
Emaar is also working on plans for a major new retail district at Dubai Creek Harbour, which, along with the worlds tallest tower, will be one of the key attractions at the new masterplanned development.
A joint venture of Emaar and Dubai World Trade Centre is developing a retail centre as part of its Project Star development at the Dubai Expo site. The UKs Laing ORourke was selected for the main construction contract in late October last year.
Strong start to 2017 for Dubai construction
Artist Rendering of One Central
The omens for Dubais construction market in 2017 were starting to look good at the end of last year.
On 21 December Dubai approved its 2017 budget and the key highlight was a 27 per cent increase in infrastructure spending. In 2016 infrastructure spending was budgeted to be AED6.4bn, ($1.75bn) which implies budgeted spending for 2017 is AED8.1bn - or about 17 per cent of the emirates 2017 budget.
The number, while significant, is not a true reflection on the market as Dubai government spending on infrastructure is supported by government-related entities which spend much more than the government each year on construction projects. Read More
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