Nakheel signs AED 188 million construction contract for 133 villas at Nad Al Sheba

Dubai, UAE: Nakheel has signed a contract worth AED 188 million for the construction of 133 homes at Nad Al Sheba, its new high-end residential community featuring 1,572 villas and a 1.2-million-square-foot mall, according to a company-issued press release.

The press release said that the company has tasked Dubai-based Square General Contracting to build the villas in the fourth and final construction package, which brings the total contract value to nearly AED 2.6 billion. It added that the first three packages, covering 1,439 homes, were awarded last year.

According to the press release, a construction tender for Nad Al Sheba Mall, which is coming up along Dubai’s Sheikh Mohammed Bin Zayed Road, is expected to be released before the end of 2016.

The residential community, the press release revealed, includes 1,572 four- and five-bedroom villas for lease, as well as a club house, community pool, sports courts, all set in landscaped grounds containing parks, walkways and water features. The project, it added, is set for delivery in 2018.

Nakheel informed that the three previously awarded construction contracts for Nad Al Sheba went to Trojan General Contracting (AED 830 million for main community infrastructure work and 489 villas), United Engineering Construction for AED 789 million for 482 villas and AED 781 for 468 villas, respectively.