Dubai-based developer Bin Haider Real Estate is tipped to award construction contracts on new projects worth US $109 million (AED400 million) to Al Oroba Contracting.
Speaking to Construction Week, Mukesh Dhakan, managing director, Bin Haider Real Estate, said: “It’s quite possible that we will just go with our in-house contractors, Al Oroba Contracting, as they are one of our partners, but at the end of the day, we will select the best.
“If we do send out tenders, it will be within the next two months, as we would have finalised everything by then.”
The new projects include developments at Dubai International City, Dubai Investment Park, a housing complex in Mirdiff and a residential complex in Ajman.
“Everything is still pretty much still in the design stage,” said Dhakan. “Our consultant for the Dubai projects is Model consultants while our Ajman designer is Dimensions.
“We haven’t started construction yet but we expect to award the contracts and begin work very soon.”
Bin Haider will construct two five-storey buildings in Dubai International City, offering exclusively designed residential and commercial units.
The commercial project at Dubai Investment Park comprises commercial units to be constructed on a 11 984 m2 plot, while the Mirdiff project consists of a group of six luxury villas.
The Ajman project, spanning 6968 m2, will be a complex of eight towers each comprising studios, one bedroom and two bedroom luxury apartments and commercial units.
Besides strengthening its local presence, Bin Haider Real Estate is stepping up efforts to tap international markets for investments in the UAE’s real estate sector.
Having recently opened an office in the UK, the company is now planning to establish itself in Mumbai, India.
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