Iran-based Wind FZ is evaluating bids for the contract to build the first of two towers in the Jumeirah Lake Towers (JLT) development.

Estimated to be worth $80 million-$100 million, the project calls for the construction of two luxury residential towers named Wind I and Wind II, each of 34 storeys. The high-rise buildings will also comprise offices, retail units and covered parking facilities.

The company expects to award the first tower contract by mid-September. Abu Dhabi-based Dutch Foundationis carrying out the piling package on the development.

Tender documents are expected to be released for the second tower by late October. Both towers are scheduled for completion in 2006.

Wind FZ is the developer and primary investor for the project. UAE-based Farayand Architectural Engineering Consultancyis acting as design consultant for both towers.

JLT, located at a site in between interchanges 4 and 5 on Sheikh Zayed highway, is a mixed-use scheme being promoted by the local Nakheel. A total of 45 towers are planned for construction over a 730,000-square-metre area.

Other developers involved in JLT include the Saba Group, Ascon Real Estate, Damac and Mazyood Giga International(MEED 20:8:04).