Saudi developer awards $163m deal to build Dubai towers

Tanmiyat hires Al Adnan Contracting for Living Legends project in Dubailand
Saudi developer awards $163m deal to build Dubai towers
By Staff writer
Tue 03 Apr 2018 02:00 PM

Saudi-based developer Tanmiyat has awarded a AED600 million ($163 million) construction contract in Dubailand to construct six towers as part of its Living Legends project.

Al Adnan Contracting has been appointed to build the six buildings which are scheduled for handover in 2019.

The announcement follows the appointment of Beijing Emirates Contracting to complete two building in Living Legends and one tower near Dubai Water Canal last year, Tanmiyat said in a statement.

Abdulazizi al Majed, Tanmiyat’s spokesman, said: “The new appointment is another milestone that shows our commitment to delivering our projects in the UAE. We have made minor changes to the buildings’ façade, matching the market trends and bringing more attractive designs to our clients.”

Living Legends is a gated community developed by Tanmiyat which will accommodate up to 20,000 people.

Tanmiyat said it has already delivered 500 villas and one tower in Living Legends and is working to meet market demands to bring on new projects in the area.

Saleh Tabakh, CEO of Delta International Real Estate, which is marketing the development, said: “The market is healthy and this competition forces developers to go the extra mile to satisfy the expectations of clients... The reasonable prices units in Living Legends do not compromise on the units’ size, which are considered the biggest in the current market.”

Living Legends, which is valued at AED7 billion, consists of 12 residential towers, 500 villas, golf course, hotel, shopping mall, school, nursery and future projects that are in the design phase.

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