Nakheel inks $28m deal at Jumeirah Village Circle
UAE developer hires United Engineering Construction to build 90 villas
Nakheel has awarded a contract for nearly AED106m ($28.8m) to United Engineering Construction LLC (UNEC) for the construction of 90 homes at its Jumeirah Village Circle Villas project.
Mobilisation is expected by the end of this month, with anticipated completion by the end of 2014.
The 90 four-bedroom villas, which sold for a combined value of AED275 million, will be constructed in a circular pattern on a round, green, landscaped area within Nakheel’s 568 hectare master developed Jumeirah Village Circle community.
Each villa has a gross floor area of 3,655 sqft, and features extensive indoor and outdoor living space, including an expansive roof terrace.
Dubai was one of the top five best performing real estate markets in the world last year, according to a the latest report from international consultants Knight Frank.