Emaar awards Dh1bn contract for Phase 2 of Mira townhouses in Dubai

28/06/2016 02:20 AST

Dubai-based master developer Emaar Properties has awarded a Dh1 billion contract for building almost 1,400 townhouses to the Abu Dhabi-based Trojan General Contracting (TGC), the latter said in a media statement today.

The contract covers the construction of 1,393 Mira Oasis townhouses, part of the second phase of Emaar’s Reem development, located near Arabian Ranches at the crossroads of Al Qudra Road and Emirates Road.

The 3- and 4-bedroom townhouses will be designed as part of different types of housing clusters, and the neighbourhood will have access to a range of lifestyle amenities, including a desert botanical park, sand surfing and camel riding trails, go-karting track, dune buggies, rock climbing wall, cricket pitch, soccer field, and a skate park.

After the global financial slowdown in 2008-09, which had impacted local property transactions, Emaar had famously jumpstarted the Dubai property market in 2013 with the sale of under Dh1 million townhouses in the first phase of the Mira project.

As Emirates 24|7 then reported, hundreds of potential investors had camped outside Emaar’s Dubai Downtown office to snap up the 188-odd townhouses that were being offered by the master developer.

Read: Hundreds camp at Emaar office for 2 days for Dubai villa launch Reem, a large-scale residential project by Emaar Properties, is anchored by a central park with interactive fountains, walkways and a water feature.

According to the TGC statement, construction of Mira Oasis Townhouses in the second phase of the Reem Development commenced this month and the first of these villas are anticipated to be completed by December 2017 while the entire contract is expected to be completed by December 2018.

TGC, a subsidiary of Trojan Holding, said it sees the Mira Oasis townhouses project as an opportunity to expand further in the UAE. TGC’s current large-scale developments include 5,000 villas in Jabal Hafeet, Ain Al Fayda in Al Ain and 489 Nad Al Sheba Villas in Dubai.

Trojan General Contracting has been appointed as the sole contractor on the project and Trojan Holding’s 7 subsidiaries will be involved at various stages. These include:

· National Projects & Construction – for high-rise and infrastructure projects

· Reem Readymix – for concrete and plastering materials

· Royal Advance Electromechanical Works – for installation and commissioning of electrical systems, water supply & distribution systems

· Reem Emirates Aluminum & Glass – for glass façade and metal cladding

· Hitech Precast & Block Works – for pre-cast concrete

· Al Maha Modular steel structures – for steel structure fabrications

· Phoenix Timber – for interior design.

Emirates 24|7