FINANCIAL NEWS

UAE’s Nakheel to build new complex, signs USD7m contract

20 Jul 2014

(MENAFN) Dubai master developer Nakheel plans to launch a new, gated community of 1,000 villas – including 100 high-end, serviced residences managed by a world-renowned hotel operator, according to Arabian Business.

The new district will include 900 three to five bedroom villas for lease and a separate resort-style complex of 100 high-end, serviced homes.

Design and engineering services will be provided by Dubai-based Arif and Bintoak Consulting Architects and Engineers under a USD7.35 million contract signed with Nakheel.

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