Master developer Nakheel has broken ground on its $194.1m (AED713m) Dragon Towers residential project at its Dragon City mixed-use community.
Made up of two 37-storey buildings, the project is the first residential component at Dragon City and the only high-rise in the area, according to Dubai Media Office (DMO).
Due for completion in 2021, each of its towers has 571 one- and two-bedroom units. It is also connected by a covered bridge to China-inspired Dragon Mart and its 5,000 shops, restaurants, and attractions.
READ: Dubai’s Nakheel reviews 11 construction bids for Dragon Towers
The ground-breaking ceremony was led by Ali Rashid Lootah, Nakheel chairman, and comes a month after the developer awarded an $150.3m (AED552m) contract to Ali Mousa & Sons Contracting to build Dragon Towers.
The UAE-based firm beat out 11 other construction proposals that Nakheel said it was also reviewing for the project, which neighbours International City.
READ: Dubai’s Nakheel to boost $16bn project pipeline at Cityscape Global
At real estate trade show Cityscape Global in Dubai earlier in October, Nakheel unveiled two projects – a beachfront in the man-made Deira Islands waterfront city, and a new cluster of townhouses, each with a private pool, at Jumeirah Park.
The end of July this year saw Nakheel sign a nearly $80m (AED291m) construction contract with Thai hotel group Centara Hotels & Resorts to build a 601-room beachfront resort.
