Nakheel to award Dragon Towers contract by end of 2017
Nakheel is in the process of assessing five proposals for the construction of the Dragon Towers project, with bids starting at just under $245m (AED900m)
Dubai-headquartered master developer, Nakheel, is expecting to award the construction contract for its Dragon Towers project by the end of 2017.
According to UAE state news agency, WAM, Nakheel is in the process of assessing five proposals for the construction of the project, with bids starting at just under $245m (AED900m).
The developer is expecting construction to be completed in 2020.
Dragon Towers is a twin-tower residential complex planned for Nakheel's Dragon City community. It will comprise 1,140 one- and two-bedroom apartments, as well as two floors of retail shops, four floors of parking, and a podium level consisting of a swimming pool, restaurant, and gym.
Dragon City is a mixed-use master development that spans 1.02 million square metres. It hosts Dragon Mart, reportedly the world’s largest Chinese trading hub outside mainland China.
The development also features two hotels, one being a 251-room ibis Styles that opened in February 2016. The other hotel is a 304-room Premier Inn presently under construction.