Nakheel Awards Contracts Worth $11m For Al Furjan, Warsan Projects

Dubai developer Nakheel announced that it awarded three new contracts – together worth over Dhs41 million ($11.1 million) – for its Al Furjan and Warsan Village master communities.

Two of the contracts, awarded to consultants Arif & Bintoak (Dhs13.6 million) and Dar Al Handasah (Dhs2.9 million) cover infrastructure design and supervision for third party villas and mixed-use plots at a new phase of Al Furjan, Nakheel said in a statement.

Al Furjan’s new phase, spread across more than 1.2 million square metres, includes over 500 third party villa plots and more than 30 mixed-use plots.

The first phase of the project, containing 800 homes, is already complete.

The developer also awarded a Dhs24.6 million contract to Dubai-based architects AE7 for design and supervision work at Warsan Village.

Warsan Village, launched in September last year, is a gated community spanning 47.5 hectares, with 942 townhomes, 250 apartments, a retail plaza, mosque and recreation centre.

Construction of the project is currently out to tender, with proposals due this month, the statement added.

Nakheel, which recently reported a 27 per cent rise in 2013 net profit to reach Dhs2.57 billion, has been scaling up operations significantly this year.

Last week the developer announced that it had awarded a Dhs375 million contract to Gulf Technical Construction Company– a subsidiary of Drake & Scull – to build The Pointe mall at Palm Jumeirah.

The Pointe, a 136,000 square metre retail and entertainment complex, is set to come up at the tip of Palm Jumeirah, opposite Atlantis, and is due for completion in 2016.

Nakheel’s chairman Ali Rashid Lootah also recently revealed plans to launch new projects worth between Dhs6 to Dhs8 billion in 2014.

They will include a mix of residential, retail and hospitality developments, he confirmed, with the first among them set to be announced within the first quarter of 2014.