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Bloomberg
Local developer Emaar Properties has received bids from contractors for the estimated AED500m ($136m) contract to build its Opera Grand Residential Tower in Dubai.
The project involves the construction of a 65-70 storey tower a four level basement, ground floor and podium with townhouses, and 56 residential floors with seven levels for services. The total development will have an area of about 63,000 sq mts.
The consultant is the Lebanon’s Khatib & Alami.
The tower will overlook the Opera House at the Downtown District. In late 2013, Emaar awarded Athens-based Consolidated Contractors Company (CCC) the estimated AED700m ($191m) contract to build the Opera House.
Emaar has appointed contractors for work on other projects in the Downtown area this year.
It has awarded Lebanon’s Arabian Construction Company (ACC) the estimated AED800m ($218m) contract to build the Boulevard Point tower in its Downtown district in Dubai.
The tower will be built next to Emaar’s under-construction Address Residence Fountain Views development. According to Emaar, the Boulevard Point project involves building a 63-storey residential tower with 297 one-, two-, and three-bedrooms apartments overlooking Mohammed bin Rashid Boulevard.
It also selected the local Al-Basti & Muktha (ABM) for the contract to build its Vida Residence tower.
The 57-storey building will have 320 residential units, including one-, two-, three-, and four-bedroom serviced apartments.