A development of 300 villas and terraced homes is to be built by a Dubai firm at its Al Furjan development. Nakheel, a Dubai World company, revealed the project will go ahead following an agreement with Al Shafar Transport and Contracting Co.
The announcement followed a statement last week that Arabtec had reached an agreement with Nakheel to build the first 1,500 homes of the Al Furjan development in a contract worth AED 3 billion.
Ahmed Abdullah Al Shafar, chairman of Al Shafar Transport and Contracting Co, said:
“We are extremely pleased to have been appointed to work with Nakheel on the Al Furjan project.
“This is not the first time we have undertaken a contract with Nakheel and this project continues to reflect our desire to be aligned with this prestigious company.”
When fully complete the development, which includes commercial plots and hotels, will house a daytime population of 90,000 people and feature more than 4,000 homes. Construction is due to start at the end of 2009 with handovers expected to start in 2010.
Nakheel’s vast Dubai portfolio also includes Palm Jumeirah, and the Palm Jebel Ali. Al Shafar is a local Dubai firm company founded in the 1960s and now a key part of the Emirate’s ongoing development.
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