Dubai: Deyaar Development has awarded a AED 370 million contract to the primary contractor Gammon & Billimoria to construct the third and fourth phase within Midtown community.
Phase three named 'Noor District' was opened for sale, and it is expected to comprise seven buildings with studios, apartments, and F&B options upon its completion in the fourth quarter (Q4) of 2022, according to a press release on Tuesday.
The sale of the project includes an initial payment of 10% and several settlement plan options extending for up to 10 years within the Deyaar Flexi Programme.
Phase three and four will add over 32,000 square feet of retail space to the development.
The CEO of Deyaar Development, Saeed Al Qatami, said: "After the successful delivery of the first two phases, we believe this is the right time to start construction on the new districts."
The Vice President of Projects and Engineering at Deyaar Development, Khalid Ababneh, commented: "Designed to be an integrated community in Dubai Production City, Midtown boasts over 30,000 sq ft of retail space between the ‘Dania’ and ‘Afnan’ districts and encompasses an anchor supermarket, nursery, restaurants, ladies and gents’ salons and a pharmacy."
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