Emaar receives bids for the Address

21 October 2012

Tower will be built in Dubai’s Downtown Burj Khalifa area

Emaar Properties has received bids from companies for the contract to build The Address The Boulevard hotel and residential development in the Downtown Dubai area.

The bidders are:

Located next to the Burj Khalifa, the 63-storey tower will contain 200 five-star hotel rooms and 542 serviced apartments. The 340-metre tower will house studios, and one-, two-, three- and four-bedroom apartments. The project will be funded by offplan sales. The tower was designed by the UK-based architecture firm Atkins.

The Address project is one of several new property schemes Emaar has planned in Dubai. The developer received bids from contractors earlier this year for the contract to build the Panorama at the Views residential project at its The Greens development, which will comprise two mid-rise residential towers containing 224 apartments. Emaar is also building 226 new villas at its Arabian Ranches development.

In March, the developer announced plans to build a cultural district next to its Burj Khalifa development in the Downtown Dubai area.

The cultural area will contain a modern art museum, an opera house and other cultural facilities. The Dubai Modern Art Museum and Opera House District will also contain two hotels, studios and leisure facilities.

Contractors are also preparing to submit bids by 1 November for the contract to build a high-rise development at Dubai Marina, known as Al-Fattan Crystal Towers.

The local Al-Fattan Properties is developing the scheme, which will be a mixed-use project involves the construction of two high-rise towers with a total built-up area of about 150,000 square metres. The first tower will have 550 hotel rooms and the second will have 490 hotel units together with residential apartments. The operator of the hotel will be Turkey’s Rixos Hotels.

The towers will be built on the site of the old Oasis Beach Hotel that was demolished in 2009.

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