Arabtec secures villa contract

Arabtec Construction has won a US $141 million (AED520 million) contract from Emaar Properties to design and build 68 homes at the Dubai Polo & Equestrian Club in Arabian Ranches.

VERY MUCH IN DEMAND: Villas from Arabtec.
VERY MUCH IN DEMAND: Villas from Arabtec.

Arabtec Construction has won a US $141 million (AED520 million) contract from Emaar Properties to design and build 68 homes at the Dubai Polo & Equestrian Club in Arabian Ranches.

The project is to be completed in phases over a period of 32 months. The order brings the total number of villas currently under construction by Arabtec to 2,700, including 940 villas for the Mohamed Bin Rashid Housing Program, 712 for Emaar and 1,047 for Dubai Silicon Oasis.

Arabtec Construction has already delivered over 6,300 villas in the last six years including 4,702 villas for Emaar at Emirates Hills, Emirates Lakes, Meadows, Springs and Arabian Ranches, 560 villas for Dubai Silicon Oasis, 558 for Dubai Properties and 554 villas for the Mohamed Bin Rashid Housing Program.

Arabtec's other recent wins include a $75.44 million contract in Jordan with local partner, Engineering Enterprises Company, for the construction of two towers as part of Damac's The Heights and The Courtyard - a project being built in Amman.

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