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FINANCIAL NEWS
RAK Properties awards Flamingo project contract to Al Nuaimi
06 Sep 2015
(MENAFN) RAK Properties said that it has awarded the construction contract for the second phase of its Flamingo Villas in the Mina Al Arab waterfront development.
The award to Al Nuaimi Group follows a few months after the announcement of the latest phase in response to strong demand for phase 1 units, RAK Properties said in a statement.
It added that Al Nuaimi Group was also contracted to construct the initial phase of the Flamingo Villas development, comprising 124 units, which are set for delivery by the last quarter of 2015.
Scheduled for completion within a year’s time, Flamingo Villas phase 2 will build on the momentum of phase 1 and comprise of 68 units.
“Al Nuaimi Group’s impressive work on phase 1 meets our expectations and showcases the type of living environment that makes the Flamingo district unique,” CEO said.
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