Called sector 1, the project covers the construction of six towers of up to 35 storeys each offering one, two, three and four-bedroom apartments. The facilities will be constructed over a 220,000-square-metre area. The contract is estimated to be worth AED 500 million-600 million ($136 million-163 million).
The estimated $1,400 million JBR project involves the construction of: 35 40-storey towers offering 3,000 apartments, ranging from studios up to four-bedroom units; four lower-level hotels; and three beach clubs.
The fast-track project will be tendered in at least seven packages, with each contract being assigned to one main contractor. The mixed-use development, to be located on the seafront near Mina Seyahi, also entails the construction of shopping malls, restaurants and cinema complexes.
Swissboring, part of Italy’s Trevi Group, is carrying out the piling package for the first two sectors. The project manager is the UK’s Mace International. Dubai Technology, e-commerce & Media Free Zone Authority (Tecom) is the client (MEED 20:6:03).