Emaar tenders Vida Residence in Dubai

18 May 2015

Tower will be built in the Downtown Dubai district

Emaar Properties has invited forms to bid by 27 May for the contract to build the Vida Residence tower in the Downtown Dubai district.

The 57-storey will have 320 residential units, including one, two, three, and four-bedroom serviced apartments, It will be linked directly to Vida hotel opposite the 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 in the Burj Khalifa area and is tendering the contract to build the Boulevard Point tower in its Downtown Dubai district.

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.

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 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.

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.

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