Joint venture wins on DSC

Falak Properties has awarded a contract worth US $122.5 million for its seven sports-themed towers in Dubai Sports City.

  • E-Mail
By  Angela Giuffrida Published  December 30, 2006

Falak Properties has awarded a contract worth US $122.5 million (AED448 million) for its seven sports-themed towers in Dubai Sports City. The pile-foundation and super-structure works contract was awarded to a joint venture between United Engineering Constructions (UNEC) and Al-Liwan/Intermass JV. The Falak Towers project in DSC is the company’s first foray into real estate development. Each tower comprises studio, one bedroom and two bedroom apartments. “We are committed to ensuring that every building under the Falak banner conforms to stringent checks and measures put in place while negotiating the contracts that were bid for by 10 companies,” said AR Falaknaz, president, Falak Properties.

Add a Comment

Your display name This field is mandatory

Your e-mail address This field is mandatory (Your e-mail address won't be published)

Security code