Wednesday, October 4, 2017

Dubai South awards key residential project contract

Master Developer Dubai South (the rebranded Dubai World Central) has awarded a contract worth over Dh600 million ($163.3 million) to develop the residential buildings at its urban community development - The Pulse located in the residential district adjacent to the Expo 2020 Dubai site and Al Maktoum International Airport.

An attractive, affordable community catering to families and young professionals, Dubai South’s Residential District includes schools, nurseries, hospitals, retail outlets, F&B (food and beverages) options, offices, swimming academy and a sports complex.

The pedestrian-friendly, aesthetically designed, sustainable city is designed to ensure all amenities and necessities are well within walking distance, said a statement from the developer.

Dubai South Residential District will have around 10,000 residential units between villas, townhouses and apartments by 2020, housing an estimated 35,000 residents.  

The Pulse is the first of a series of master planned residential communities by Dubai South, it added.

Dubai South said the deal for the residential buildings at The Pulse has been awarded to leading Emirati construction group Al Qabdah Global Building Contracting.

Khalifa Al Zaffin, the executive chairman for Dubai Aviation City Corporation and Dubai South, said: "We are pleased to award the contract to Al Qabdah for the residential buildings in our very successful community - The Pulse at Dubai South. The concept behind this community is to reinvent urban living."

"This entirely new and incomparable model puts people first and focuses on affordability while celebrating nature and diverse populations. This combination proved highly successful during sales in Q4 2016, where we surpassed our targets and achieved more than 90 per cent sales," observed Al Zaffin.

"In Al Qabdah, we have found the right partners to deliver the true experience of this unique community to our customers," he added.

Al Zaffin revealed that more than Dh7 billion ($1.9 billion) will be pumped into real estate projects in Dubai South ahead of Expo 2020.

"Of these, half the investments will be made by the master developer while the remaining half will come from private investors," he added.

On the contract win, Samer El Achkar, CEO of Al Qabdah Global Building Contracting, said: "One of the most important factors for a unique project such as The Pulse is a highly evolved sense of design, fine quality of construction and timely delivery."

The master plan includes The Pulse Mall, a shopping centre with a wide range of experiences - from a hypermarket, movie theatres, restaurants and cafés, fashion and a spacious fitness center - besides two hospitality towers with 450 hotel keys opposite the mall with direct access to the main boulevard.

The upcoming shopping destination is located in the heart of the community and within walking distance from all residences. The Pulse Mall is currently in final design stage, and will be awarded to the contractor within the next four months with delivery scheduled for early 2020, said a statement from Dubai South.  

The two hospitality towers will be developed in two phases. A 4-star lifestyle hotel and serviced apartments have also been incorporated into the project plan and are due to be completed and delivered in 2020, it added.-TradeArabia News Service  



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