Arabtec Construction has won a contract worth Dh1.6 billion ($435 million) from Emaar-Bawadi Joint Venture to design and construct 1,437 villas as part of the Bawadi project in Dubailand. The project will be delivered in phases over a period of 37 months.
Riad Kamal, CEO of Arabtec Holding PJSC, says: “Our vast experience and the variety of projects we’ve carried out so far, from towers to residential complexes and villas, has deeply supported our abilities to fulfill our clients’ needs, and has given us a complete understanding of what our clients look for in their projects.”
He continues: Developers choose Arabtec because they are confident of the company’s ability to accomplish these big projects. This mutual trust that has been developed between the company and the clients, based on the clients’ satisfaction and the high standards of the company, has firmly positioned Arabtec’s name as a symbol of quality and trust.”
Arabtec is one of the largest construction companies in the region, with expert management, engineering, and technical staff, and a wealth of experience in the real estate market, including residential villa complexes. Over the past few years, Arabtec has constructed more than 7,000 villas for Dubai Silicon Oasis Authority, Dubai Properties, Mohammed bin Rashid Housing Establishment and Emaar’s villas at “Emirates Hills”, “The Lakes”, “The Meadows”, “The Springs” and “Arabian Ranches”.
The total number of villas currently under construction by Arabtec exceeds 10,000 villas including 3,230 villas for Mohammed bin Rashid Housing Establishment, 1,515 for Nakheel’s “Al Furjan” project, 1,047 for Dubai Silicon Oasis Authority, 1,262 for various projects by Emaar, 2,065 villas at Bawadi for Emaar-Bawadi joint venture, and a number of villas in the “Sanctuary Falls” project in Dubai.
Arabtec Construction recently signed a memorandum of understanding with the Tourism Development & Investment Company (TDIC) in Abu Dhabi to design, develop and construct the first phase of Al Saadiyat beachfront villas project, which lies in Al Saadiyat Islands near Abu Dhabi.