TECOM Investments, a member of Dubai Holding, plans to float a landscaping tender for its newly launched $217.8 million (800 million dirhams) Villa Lantana in Dubai, UAE, during Q1 2015, a top company official told Zawya Projects in an exclusive.
"We will launch the tender in the first quarter of 2015. We plan to start landscaping works in June or July and finish by the end of next year," said Badr Al Gargawi, Chief Executive Officer Development & Planning at TECOM Investments.
Launched in late August, Villa Lantana is a freehold community located next to Umm Sequim Road in Al Barsha South.
He did not reveal the contract value.
"We need to have full design to estimate the contract's value," he said.
The Qatar-headquartered Khatib & Alami Consolidated Engineering Company is the master planner on the project as well as the landscaping.
"They did the full package," he said, adding that construction works started almost a year ago.
"The infrastructure is done and the buildings are currently under construction," he said.
The development is slated for completion by Q4 2015.
According to a statement from the company, the development will feature 440 contemporary buildings across two landscaped gated communities.
In September 2014, the Dubai-based local English daily Gulf News said that more than 50 percent of the project's units, with a starting price of $680,000 million (2.3 million dirhams), were sold out within three weeks of its release.
© Zawya Projects News 2014
