Business | Construction

Al Habtoor wins bid to build Skycourts

National Bonds Corporation (NBC), pioneers in Shariah-compliant saving, has awarded main construction package for the Dh1.5 billion residential project, Skycourts, to Al Habtoor Engineering, a statement said.

  • Staff Report
  • Published: 00:00 March 2, 2007
  • Gulf News

Dubai: National Bonds Corporation (NBC), pioneers in Shariah-compliant saving, has awarded main construction package for the Dh1.5 billion residential project, Skycourts, to Al Habtoor Engineering, a statement said.

The value of the construction contract has not been revealed.

Skycourts, coming up in Dubailand Residential Complex, the latest leisure and tourism destination in Dubai, will have six towers comprising over 2,300 upscale apartments that will combine luxury with affordability.

Residents of Skycourts will have access to world class recreational and leisure amenities including health clubs and swimming pools, rooftop gardens and cafes, shops and free parking.

The freehold residential project was sold out in six days after National Bonds, the Shari'a compliant national savings scheme of the UAE, offered priority booking to bond holders at its launch last year.

The apartments are scheduled for delivery in the first half of 2009.

"Skycourts is a unique concept, prime location, affordability, luxury and profitable investment all rolled into one. It takes partners of high calibre and proven track record to accomplish such projects. With their international expertise, local knowledge and successful involvement in huge projects, Al Habtoor is one of our preferred partners," commented Nasser Bin Hassan Al Shaikh, vice-chairman and CEO of National Bonds Corporation.

Al Habtoor Engineering has a rich portfolio having created some of world's most stunning landmarks such as the 7 star Burj Al Arab hotel and the ultra modern Shaikh Rashid Terminal Concourse one.

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