Dubai - Master developer Nakheel today signed a construction contract for Dragon Towers, its new, twin-building residential complex with a total development value of AED713 million, to be built at Dubai’s rapidly-expanding Dragon City mixed-use community.

Under the AED552 million contract, handed to UAE-based Ali Mousa & Sons Contracting, mobilisation will begin immediately, with anticipated completion in 2021.

Nakheel also confirmed that Dragon Towers’ apartments will go on sale next week, and is among a range of other Nakheel projects being showcased at the upcoming Cityscape Global.

Directly-connected to the world-famous Dragon Mart retail and trading complex, the 37-storey, two tower project comprises one- and two-bedroom apartments; ground and first floor retail; four parking levels and a sixth floor podium-level clubhouse with a swimming pool, restaurant and gym.

Dragon Towers is a key component of Nakheel’s ongoing retail, hospitality and residential expansion at Dragon City, which is already home to Dragon Mart 1 and its sister mall, Dragon Mart 2, plus an ibis Styles hotel. A new showroom and car park complex and a second hotel are in advanced stages of construction, with further expansions in the pipeline.

For more information on Dragon Towers, go to www.nakheel.com, call 04 390 3333 or visit the Nakheel Sales Centre.

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Media contact: Rebecca Rees on +9714 375 9702 (rebecca.rees@nakheel.com)

About Nakheel (www.nakheel.com)

Nakheel is a world-leading developer and a major contributor to realising the vision of Dubai for the 21st century: to create a world class destination for living, business and tourism. Nakheel continues to deliver and enhance an iconic portfolio of innovative landmark projects in Dubai across the residential, retail, hospitality and leisure sectors.

Our master developments include Palm Jumeirah, The World, Deira Islands, Jumeirah Islands, Jumeirah Village, Jumeirah Park, Jumeirah Heights, The Gardens, Discovery Gardens, Al Furjan, Warsan Village, Dragon City, International City, Jebel Ali Gardens and Nad Al Sheba. Together, these span more than 15,000 hectares and currently provide homes for over 270,000 people. Nakheel has around 25,000 residential units under construction or in the pipeline.

Nakheel’s retail arm, Nakheel Malls, is the Middle East’s largest retail developer, with 17.5 million sq ft of leasable space across 19 projects, including large-scale destination malls and souks, F&B destinations and community shopping centres. Assets include the world-famous Ibn Battuta Mall and Dragon Mart, both of which continue to undergo major expansions. Upcoming projects include Nakheel Mall on Palm Jumeirah; Deira Mall at Deira Islands; Al Khail Avenue at Jumeirah Village and more.

Our growing hospitality project portfolio comprises 18 hotels and serviced apartment developments with over 6,600 rooms and hotel apartments between them at various locations in Dubai, including Palm Jumeirah, Deira Islands, Ibn Battuta Mall, Jumeirah Village and Dragon City. Two are currently open and operational, with the rest at various stages of construction and development.

© Press Release 2018

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