Arabtec subsidiary clinches Dubai Waterfront project

Dubai: The Sunland Group (Dubai) has issued a letter of intent (LoI) to Arabtec Construction, a subsidiary of Arabtec Holding, for the construction of The Atrium at the Waterfront, the new Madinat Al Arab precinct of Nakheel's Dubai Waterfront development at Jebel Ali.

The value of the project is more than Dh2.4 billion and will include all associated structural, civil, electromechanical works, external works and commissioning.

It is expected to be completed by the end of 2013.

Features

The project comprises three basement levels and 68-storey residential towers covering more than three million square feet.

Arabtec is currently working with Emirates Sunland (a joint venture between Emirates International Holdings and Sunland) on two major projects in Culture Village.

These include the D1 Tower, an 80-storey luxury residential building and Palazzo Versace Dubai, a luxury 215 room hotel, and 169 condominiums.

Madinat Al Arab is the first phase of construction in Nakheel's Waterfront project.

The premier beachfront precinct will transform 1.4 billion square feet into an international community with residential, hotel, commercial and retail developments.

Waterfront is being developed on the last 15 km of natural coastline in Dubai. It promises to provide more than 70 km of coastline in all, including the development of 23 per cent of the Arabian Canal.

The Waterfront is located in close proximity to the new Jebel Ali Airport making the new precinct fully accessible on a local and international scale.

The Atrium will be launched by Sunland at this year's Cityscape.