Emaar selects contractor to build Address Residence Fountain Views

23 February 2014

Project is latest major scheme to move forward at Downtown Dubai district

Dubai developer Emaar Properties has selected Lebanon’s Arabian Construction Company (ACC) for the contract to build its Address Residence Fountain Views development at its Downtown Dubai district.

The main construction package 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.

The other bidders are:

In November, Emaar awarded Brookfield Multiplex the deal to complete the raft foundations of the new real estate development.

Emaar has selected another contractor for a major construction scheme at the Downtown Dubai district. It has chosen Dutco Balfour Beatty for the estimated AED1bn ($272m) contract to build an extension to Dubai Mall.

The work involves building a fashion avenue next to the existing mall, the lake, Burj Khalifa and the existing Address hotel, offering 75,000 square metres (sq m) of retail space and about 25,000 sq m of parking.

Emaar received bids from contractors in December 2013. The other bidders include Al-Futtaim Carillion and CCC.

The developer has started work on other projects in the Downtown Dubai district. In November, it awarded CCC the estimated AED700m deal to build the Dubai Modern Art Museum and Opera House District.

In addition to the 2,000-seat opera house, Emaar plans to build new hotels, studios and leisure facilities in the area. The consultant is the UK-based Atkins.

In January 2013, Emaar awarded Brookfield Multiplex the contract to build the Address The BLVD hotel and residential tower.

Located adjacent to 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 apartments with up to four bedrooms. The scheme will be funded by offplan sales. The tower was designed by Atkins.

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