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Mon 22 Oct 2018 02:15 PM

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Dubai's Nakheel breaks ground on $194m Dragon Towers

Dragon Towers, which went on sale last month with prices from AED449,000, is connected by a covered bridge to the world-famous Dragon Mart

Dubai's Nakheel breaks ground on $194m Dragon Towers
Master developer Nakheel on Monday broke ground on Dragon Towers.

Master developer Nakheel on Monday broke ground on Dragon Towers, its AED713 million ($194 million) twin-building residential project at the rapidly-expanding Dragon City mixed-use community.

The ground-breaking ceremony, led by Nakheel chairman Ali Rashid Lootah, comes a month after the developer awarded a contract for AED552 million to UAE-based Ali Mousa & Sons Contracting to build the project – the first residential component at Dragon City and the only high-rise in the area. It is due for completion in 2021.

Dragon Towers, which went on sale last month with prices from AED449,000, is connected by a covered bridge to the world-famous Dragon Mart and its 5,000 shops, restaurants and attractions.

The project comprises two 37-storey buildings each with 571 stylish one- and two-bedroom apartments. There are also two floors of retail space, four parking levels and a sixth-floor podium level clubhouse with a 25-metre swimming pool, children’s pool, restaurant, gym and tennis court.

Dragon Towers is a key component of Nakheel’s ongoing retail, hospitality and residential expansion at Dragon City, which currently comprises sister malls Dragon Mart 1 and 2 and an ibis Styles hotel.

A new showroom and car park complex and a Premier Inn hotel are in advanced stages of construction, with further expansions in the pipeline.

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