Dubai / WAM
Local developer Emaar Properties has invited selected companies to bid by March 22 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 square metres. The consultant is the Lebanonâ€™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 is moving forward with residential tower projects this year. In January, it awarded the local
Al-Basti & Muktha (ABM) a contract to build its Dubai Creek Residences development in Dubai. Located in Dubai Creek Harbour, the project involves the construction of six residential towers that form part of The Island District. Emaar received offers last year. The project is scheduled for handover in 2018.