Emaar Properties has awarded the first release of tenders totaling one billion Emirati dirhams ($272 million) for Arabian Ranches, the desert development in Dubai. The company has also confirmed that while full-scale construction is already underway at the project's location, it will soon float a fresh round of tenders for the next release of the project.
More than 14 local and international construction companies and consultancies have been awarded contracts for various components of the Arabian Ranches project. These include Al-Futtaim Tarmac for enabling and infrastructure works and potable water supply; Wade Adams for TSE Irrigation Water Supply; Orient Irrigation for the desert, golf course and landscaping to the approach road, DCE for construction of the Arabian Ranches Sales Center and Al-Basti & Muktah Contracting Company for the construction of villas in the first phase, and SSP as its consultant.
A number of international equestrian consultants are also currently being considered for the design and supervision of the equestrian facility to complement the golfing facilities, which are being overseen by Canin Associates, Parsons International, IBF/ Nicklaus and Harradine Golf.
The multi-billion dirham desert resort constructed around two world-class golf courses, equestrian and polo grounds, a network of man-made lakes and health spas covers an area of 3,000 acres.
The project, located at the intersection of three key arterial roads to Abu Dhabi, Al-Ain and Dubai, will be constructed in several segments and the first release of luxurious one and two storey villas from 3,165 to 5,300 square feet, incorporating smart technology is expected to be ready by 2004.
Besides Arabian Ranches, Emaar currently has eight major real estate projects under development including Dubai Marina, Emirates Hills, the Lakes, the Meadows, the Springs, the Greens at the Emirates Golf Club, Emaar Towers and the Gold & Diamond Park. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
