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|22 October, 2018

Dubai-based Nakheel breaks ground on $194mln Dragon Towers

Dragon Towers is a key component of Nakheel’s ongoing retail, hospitality and residential expansion at Dragon City

Rendering of Dubai-based master developer Nakheel's Dragon Towers twin-building residential complex at the Dragon City community in Dubai

Rendering of Dubai-based master developer Nakheel's Dragon Towers twin-building residential complex at the Dragon City community in Dubai

Nakheel handout via Thomson Reuters Zawya

DUBAI - Nakheel, the Dubai-based property developer, today broke ground on Dragon Towers, its AED713 million twin-building residential project at Dragon City mixed-use community.

The ground-breaking ceremony, led by Nakheel Chairman Ali Rashid Lootah, comes a month after the developer awarded a contract for AED552 million to UAE-based Ali Mousa and Sons Contracting to build the project, the first residential component at Dragon City.

It is due for completion in 2021. Dragon Towers is a key component of Nakheel’s ongoing retail, hospitality and residential expansion at Dragon City.

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