Dubai Islamic Bank (DIB) has awarded a AED687m ($187m) deal to the local Engineering Contracting Company (ECC) for construction work on its Badr project in Dubai.

The work is related to the first phase of the residential scheme, according to a company statement.

The scheme is part of a residential community comprising five areas with apartment buildings as well as several villas and other recreational facilities.

The Badr project, being developed near the Rashidiya area of old Dubai, will have a total built-up area of about 1.3 million square metres and will be developed over five phases.

The first phase will comprise a built-up area of 204,386 square metres and is expected to be completed by 2018.