Dubai Real Estate Projects in the Pipeline
DIRC real estate projects:By the end of this year, Dubai Investments Real Estate Company (DIRC) will have real estate projects worth 3.81 billion dollars under its belt. Majority of these projects will be located in one of the emirates the name of which has not been disclosed as yet. The real estate wing of Dubai Investments, DIRC has 1.09 billion dollars worth of projects at present.
Palm Jumeirah monorail:For operating the 381 million dollar monorail project on Palm Jumeirah, Dubai real estate giant Nakheel has selected SMRT Engineering based at Singapore. The 5.45km long double tracked fully elevated structure is being built by an association of real estate construction companies. The consortium is being led by Marubeni Corporation of Japan. The construction on this project will be over by November 2008. Once completed, the monorail will be one of the lifelines to the real estate marvel of Dubai – Palm Jumeirah.
Business Avenue towers:A local real estate construction company in Dubai has got hold of 216 million dollar deal to build towers for the Business Avenue project. General Construction Company will be building these towers along with real estate developer Al Mazaya Holding at Jumeirah Lakes in Dubai. Business Avenue is constituted of three commercial towers with 45 storeys in each. Dubai real estate market will witness the completion of the project by 2009 year end.
Downtown Jebel Ali mixed-use real estate project:Work has kick-started for building the infrastructural facilities for 13 billion dollar mixed-use real estate project at Downtown Jebel Ali. Construction on roads and installation of electricity, irrigation, telecommunications and district cooling systems is underway. According to the plan, this real estate venture in Dubai will have 237 residential buildings from amongst a community of 326 buildings in all.
72 Business Bay towers:Work is underway on 72 of the 220 buildings to be constructed for the 30 billion dollar Business Bay real estate project in Dubai. This project will have an assortment of residential, commercial and retail units. The construction on this real estate venture will witness completion sometime in 2015.
Dubai Municipality Tower:DM Tower will be a 20-storey building near the main office of Dubai Municipality in Deira, Dubai. Due to be completed within 18 months, this real estate project will have office spaces.
Villa deal:One of the leading real estate construction companies in Dubai, Arabtec has won a 327 million dollar contract for building 1,047 villas across Dubai. This project is slated to get completed in about 32 months.
Arjan:Construction has begun on the infrastructural facilities for 5.4 billion dollar Arjan real estate development at Dubailand.
Palm Jumeirah monorail:For operating the 381 million dollar monorail project on Palm Jumeirah, Dubai real estate giant Nakheel has selected SMRT Engineering based at Singapore. The 5.45km long double tracked fully elevated structure is being built by an association of real estate construction companies. The consortium is being led by Marubeni Corporation of Japan. The construction on this project will be over by November 2008. Once completed, the monorail will be one of the lifelines to the real estate marvel of Dubai – Palm Jumeirah.
Business Avenue towers:A local real estate construction company in Dubai has got hold of 216 million dollar deal to build towers for the Business Avenue project. General Construction Company will be building these towers along with real estate developer Al Mazaya Holding at Jumeirah Lakes in Dubai. Business Avenue is constituted of three commercial towers with 45 storeys in each. Dubai real estate market will witness the completion of the project by 2009 year end.
Downtown Jebel Ali mixed-use real estate project:Work has kick-started for building the infrastructural facilities for 13 billion dollar mixed-use real estate project at Downtown Jebel Ali. Construction on roads and installation of electricity, irrigation, telecommunications and district cooling systems is underway. According to the plan, this real estate venture in Dubai will have 237 residential buildings from amongst a community of 326 buildings in all.
72 Business Bay towers:Work is underway on 72 of the 220 buildings to be constructed for the 30 billion dollar Business Bay real estate project in Dubai. This project will have an assortment of residential, commercial and retail units. The construction on this real estate venture will witness completion sometime in 2015.
Dubai Municipality Tower:DM Tower will be a 20-storey building near the main office of Dubai Municipality in Deira, Dubai. Due to be completed within 18 months, this real estate project will have office spaces.
Villa deal:One of the leading real estate construction companies in Dubai, Arabtec has won a 327 million dollar contract for building 1,047 villas across Dubai. This project is slated to get completed in about 32 months.
Arjan:Construction has begun on the infrastructural facilities for 5.4 billion dollar Arjan real estate development at Dubailand.
posted by Property Reporter at
10:44 PM
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