USD 47.7 Million of contracts awarded on Palm Jumeirah

Dubai based developer, Nakheel has awarded contracts worth AED174 million for construction of two new beachfront projects on palm Jumeirah.

United National Engineering Company has been appointed to construct Azure Residences, under a contract worth AED135.5 million, while al Ghurair Contracting and Engineering Works has won an AED38.7 million contract to build Club Vista Mare.

Work on both projects – two of several currently underway on Nakheel’s flagship Palm Jumeirah island- are set to begin soon, with an 18-monthconstuction timeline for Club Vista Mare, and two years scheduled to build Azure Residences. The Azure Residence complex includes 170- one bedroom, and two bedroom apartments, an infinity pool, nine restaurants, a gym and a car parking. Club Vista Mare is spread over two floors and will feature 33 studio apartments, eight food and beverage outlets, a gym and rental facilities.

Source: Travel Trade Weekly

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