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Commercial and residential buildings in Satwa expected to cover building construction area of 1.3 million feet
Dubai - Abdul Rahim Architectural Consultants (ARACO), a leading engineering consultant in design and project management in the UAE won a tender released by Alnafisi National Real Estate Group Co. for the design and licensing of 14 buildings in Dubai’s Satwa area. The project is approximately valued at AED 570 million and is expected to cover a building construction area of 1.3 million feet.
Based out of Kuwait, the Alnafisi National Real Estate Group Co. is a well-experienced investor in real estate development, and has several investments across the UAE, Kuwait, and other countries. The company owns several planned buildings and, also represents investors from the Alnafisi family in the real estate sector.
The tender which ARACO won, has architectural, structural, MEP design and engineering, the obtaining of all necessary permits from relevant bodies, and complete overseeing of the construction process as its scope of work.
The bid heavily contested by a range of engineering consulting firms well experienced with real estate sector in the UAE. However, ARACO’s 30 years of experience in the design and supervisions of hundreds of prestigious projects proved an indisputable edge. “We were very impressed with the thoroughness of ARACO’s bid, and knew our project and vision here in the UAE will be in safe hands because of ARACO’s extensive experience in the country and region,” commented Mr. Talal Yousef Alnafisi , member of the Board of Directors of Alnafisi National Real Estate Group Co., on the Alnafisi Group’s decision to invest in Dubai.
“Dubai’s investment environment is still regarded as the most attractive for such projects in the region. The quality and variety of the real estate sector only adds to the ROI which continues to be and promises to be one the highest in the region,’’ continued Mr. Talal Yousef Alnafisi
Speaking on winning the Nafisi Group bid, General Manager, Eng. Raheem Bani Zaman Lari said, “We are very proud to have won the bid, and the trust of Alnafisi Group. We look forward to assisting and achieving the Alnafisi National Real Estate Group Co. vision in Dubai.”
The real estate sector in Dubai is set for further stabilization buoyed by government spending in the lead up to the World Expo in 2020.
About ARACO
Abdul Rahim Architectural Consultants has over 30 years of experience in the real estate sector in the UAE, and the region. The company is a well-experienced engineering consultancy covering all aspects and providing comprehensive services to clients ranging from architectural engineering, MEP engineering, structural engineering, interior design, project management and supervision. ARACO’s diversified portfolio ensures the company has the capabilities in residential, commercial, industrial, institutional and other mixed-use projects. The company prides itself on strict adherence to local and international compliance, and transparent business ethics. For more info, please visit: www.aracome.com
© Press Release 2017
