Deyaar Development, the real estate subsidiary of Dubai Islamic Bank (DIB), has invited at least six contractors to submit bids for two tower projects in Business Bay, and has started work on another tower project in Dubai Technology, e-Commerce & Media Free Zone (Tecom).
At Business Bay, bids are due on 15 November for the main package on the Citadel project, and on 3 December for the Churchill Executive project. The Citadel package calls for the construction of a 41-storey office tower with a six-level podium and a three-level basement. Work is scheduled to start in February and will take 16 months to complete. The package for the twin-tower Churchill Executive project involves the construction of a common two-level podium and a three-level basement, a 57-storey residential tower and a 42-storey office tower. The consultant for both projects is the local Dar Consultand project management will be carried out in house. Bids were due to be submitted on 30 October for the main package on a 25-storey tower in Tecom. An award on the 18-month project is expected in mid-November. The local Dutch Foundationshas started the enabling works package, which involves piling, shoring, excavation and dewatering. Deyaar is also planning a twin tower development in joint venture with Dubai International Financial Centre (DIFC). The high-rise project will be located in DIFC next to the Murooj Complex and will act as a gateway into the district. The UK's Hopkins Architectsis the lead consultant for the project. Redevelopment is also under way by Deyaar of the Madinat Badr residential district on Emirates Road (MEED 25:1:05).
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