Dubai developer receives management proposals

29 March 2015

Firms will manage masterplanned development

  • Emaar receives proposals for programme management role
  • Selected consultant will work on the Creek Harbour development
  • Emaar also tendering construction work

Local developer Emaar Properties has received bids from consultants for the programme management of its Dubai Creek Harbour development in Dubai.

It is understood the role could be expanded to include other Emaar projects in Dubai, and possibly some of its work overseas.

The Dubai Creek Harbour at the Lagoons is Emaar’s largest project in Dubai. It was launched by Emaar and another local developer, Dubai Holding, in October 2014. The two companies signed a joint venture agreement to develop the site in 2013.

Unlike many other Dubai projects, Emaar says the scheme is a long-term concern and not based on short-term buying patterns and business cycles.

The project will aim to develop a residential, commercial and leisure destination for Dubai, much like Emaar’s other developments, Downtown Dubai and Dubai Marina.

Later phases will include 39,000 residential units, more than 8 million square feet of retail space, 3,664 office units, and 22 hotels with 4,400 rooms. The centrepiece of the development will be two tall towers.

Emaar has been one of the most active construction clients in Dubai over the past two years, awarding a string of major projects in the Burj Khalifa area.

Contractors also submitted bids in mid-February for an estimated AED1bn ($272m) construction contract for The Hills development in Dubai. The project involves building a common podium with six towers. Four will be residential towers and the other two will be serviced apartments and hotels managed by the developer’s subsidiary Vida Hotels.

Emaar has also invited contractors to bid by 20 April for the contract to build the Boulevard Point tower in its Downtown district in Dubai.

Located next to Emaar’s under-construction Address Residence Fountain Views development, the Boulevard Point project involves building a 63-storey residential tower with 297 one-, two-, and three-bedrooms apartments overlooking Mohammed bin Rashid Boulevard. Amenities include swimming pools, a dedicated children’s area, a fully equipped gymnasium and a barbecue deck.

Emaar awarded the estimated AED3bn ($817m) contract for the construction of the adjacent Fountain Views development last year to Lebanon’s Arabian Construction Company (ACC). That project involves building three towers including a 220-metre-tall, 60-storey, 280-unit luxury residential tower looking out to Burj Khalifa, the world’s tallest building, and The Dubai Fountain.

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