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| 13 June, 2018

Nakheel studies 11 bids for Dragon Towers

Dragon Towers comprises 1,142 one- and two-bedroom apartments

Rendering of master developer Nakheel's Dragon Towers twin-building residential complex in Dragon City, Dubai

Rendering of master developer Nakheel's Dragon Towers twin-building residential complex in Dragon City, Dubai

Nakheel handout via Thomson Reuters Projects

DubaiNakheel has announced that it was in the process of assessing 11 bids for the construction of Dragon Towers, a twin-building residential complex located at its Dragon City community in Dubai.

Dragon Towers comprises 1,142 one- and two-bedroom apartments spread across two buildings, linking the Dragon Mart retail and trading hub.

The project will be offered for sale in the fourth quarter of 2018, according to a company statement released on Wednesday.

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With the lowest bid under AED 650 million, the Emirati developer will award the project in Q3-18, and complete its construction in Q2-2021.

Earlier in June, Nakheel revealed that about 80% of construction at its the AED 169 million Dragon City expansion project has been completed.

Source: Mubasher

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