The tendering process is underway for Aristocrat Star Investments’ The Royal Estates project, a US $1.36 billion (AED5 billion) development.
A decision will be announced by early December, with ground-breaking due later the same month. Construction is set to begin in January.
The Royal Estates will be a mixed-use gated community located in Dubai Investments Park, Dubailand.
“We started the tendering process about three weeks ago,” Aristocrat Star Investments’ group CEO Osman Valli told Construction Week.
“But only about 20% of construction companies will be able to deliver our product.”
Set over 335,000m2, The Royal Estates is UK-based Aristocrat Star Investments’ first offering on such a scale in the UAE.
The firm says the design was inspired by the Victorian, Georgian and Regency eras, reflecting the firms UK origins.
“For just one section of this project we will need 15,000 people. You might only find those staff levels in 20% of construction companies,” Valli said.
Horizon Consultants is the architect of The Royal Estates, with Niblus as project manager.
“All the buildings are spaced apart from each other, which was a very conscious decision,” said Aristocrat Star Investments’ senior marketing manager Sameer Vyas.
“It provides residents with a lot of natural light, and lots of green space.”
Dubai Municipality has insisted that developments within Dubailand include at least 46% green space, in order for developers to attain planning permission, Valli said.
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