Emaar awards The BLVD contract to Brookfield

The Address portfolio to grow to six as Emaar gives contract to build 72-storey hotel to Brookfield Multiplex

Downtown Dubai’s second tallest tower will be built by Brookfield Multiplex Construction LLC after developer Emaar Properties awarded it the construction contract for five-start hotel, The Address The BLVD.

The BLVD will be the sixth addition to The Address Hotels and Resorts portfolio, and will feature 200 hotel rooms and 523 serviced apartments. The 72-storey building will stand at 370 meters high, shorter than only one building in the area – Burj Khalifa – and is scheduled for completion in 2015.

Emaar has not disclosed the value of the contract.

The new building’s apartments sold out on the first day of sales in September 2012, with prices ranging from AED1.1m (US$299,500) for a studio to over AED6m (US$1.6m) for a four-bedroom unit.

Emaar Properties has worked with Brookfield before, with the construction company building the raft to Emaar’s signature project, the world’s tallest building, Burj Khalifa. The two companies also worked together on the Dubai Marina waterfront development.

Brookfield is responsible for several more Dubai landmarks including Emirates Towers, the DIFC Gate Building, and the recently opened Standard Chartered Bank Building.

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

NOTE: Comments posted on arabianbusiness.com may be printed in the magazine Arabian Business

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Checking in to Africa's hospitality revolution

Checking in to Africa's hospitality revolution

With the African population soaring by 30 million people a year...

Arabs flee Gulf heat for Alpine idyll, despite talk of veil ban

Arabs flee Gulf heat for Alpine idyll, despite talk of veil ban

Zell am See's high mountains, dense forests and crystal-clear...

Park life: Is the UAE ready for a rollercoaster ride?

Park life: Is the UAE ready for a rollercoaster ride?

How the UAE's many new theme park projects will be able to co...

Most Discussed
  • 17
    Countdown to VAT: are Gulf businesses ready?

    I feel with VAT in place from 2018, retailers, SMEs will figure out ways of Tax-evasion as it happens in most of the developing economies unless authorities... more

    Tuesday, 14 February 2017 1:10 PM - Diya Pardasani
  • 16
    Dubai likely to lose 'shopper's paradise' status: S&P

    Increasing cost to operate business and reduced volumes compel importers, distributors, wholesaler and retails to work on higher margin to break-even... more

    Tuesday, 21 February 2017 1:24 PM - gvk
  • 10
    Dubai real estate: which way will it go?

    well the mortgage rates are going to go up even more as the US will increase rates so the central bank here will also have to increase proportionately... more

    Wednesday, 15 February 2017 1:28 PM - Bill