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Arabtec gets Dh487m Emaar Properties order
DUBAI — Emaar Properties has issued Letters of Intent to Arabtec Construction for the completion of the design and the construction of 682 villas worth Dh 487 million at Arabian Ranches.
The 594 villas known as Palmera (District 7) to be completed in phases by June 30, 2007 and 88 villas known as Hattan (District 6A), at Arabian Ranches to be completed by May 1, 2007. Arabtec Construction , owned by Arab Technical Construction PJSC is currently constructing 1,210 villas for Emaar. The above orders bring the total number of villas under construction by Arabtec for Emaar to1,892 villas in addition to the 560 villas it is currently constructing for the Silicon Oasis along the Emirates Road.
Riad Kamal, the general manager of Arabtec Construction (LLC) said, “We are honored to receive such an important order from such a prestigious Client as Emaar. This is definitely an indication of the high quality of construction that Emaar has traditionally been seeking from its contractors and we have certainly endeavoured in the past, and will continue to do so in the future, to deliver a quality residential product in line with our Client's expectations. ’’
Arabtec Construction has already completed and handed over to Emaar more than 2,400 villas in the last two years at Emirates Hills, Emirates Lakes, Meadows and Springs.
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