Emaar awards Dubai towers construction deal

26 July 2015

The $245m contract is the latest deal awarded by the local developer

  • Consolidated Contractors Company wins $245m Dubai construction deal
  • Contract involves building The Hills development for Emaar Properties
  • Emaar is also tendering new projects in the Burj Khalifa area

Local developer Emaar Properties has awarded the estimated AED900m ($245m) contract to build the Hills development in Dubai to Athens-based Consolidated Contractors Company (CCC).

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.

CCC is also the contractor for the raft foundation, while the local Dar is the design consultant for the project.

The project is located off Sheikh Zayed Road overlooking Emirates Golf Club, close to Emaar Business Park, Dubai Media City and Dubai Marina.

Emaar is also evaluating bids from contractors for the contract to build the Vida Residence tower in the Downtown Dubai district.

The 57-storey building will have 320 residential units, including one, two, three, and four-bedroom serviced apartments. It will be linked directly to the Vida hotel opposite Souk al-Bahar by an air-conditioned glass bridge.

The consultant is Canada’s Norr Group.

Emaar has been one of the most active construction clients in Dubai over the past two years, awarding a string of major projects, mostly in the Burj Khalifa area. Two of those contracts were secured by CCC. It is working on the Burj Vista towers and the Dubai Modern Art Museum and Opera House District.

Emaar is also planning to accelerate work on the Dubai Creek Harbour development on the banks of Dubai Creek in the Ras al-Khor area. In late March it received bids from consultants for the programme management of scheme.

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.

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