Dubai’s Nakheel breaks ground on Dhs713m Dragon Towers project

Dubai developer Nakheel has started work on its Dhs713m ($194m) Dragon Towers project located in the Dragon City mixed-use community.

The twin-building project, located on the Al Awir Road, is the first residential component at Dragon City and the only high-rise in the area.

The ground-breaking took place a month after Nakheel awarded a contract for Dhs552m to UAE-based Ali Mousa & Sons Contracting to build the project.

The project comprises two 37-storey buildings each with 571 one- and two-bedroom apartments. Floor areas range from 624 sq ft to 937 sq ft and the units come with kitchen appliances, fitted wardrobes, parking and on-site security and key card entry system.

There are also two floors of retail space, four parking levels and a sixth-floor podium level Clubhouse with a 25-metre swimming pool, children’s pool, restaurant, gym and tennis court.

Dragon Towers is also connected by a covered bridge to Dragon Mart, which includes 5,000 shops and amenities, including a 12-screen cinema, supermarket and dining outlets.

Nakheel launched units for sale last month, with prices starting from Dhs449,000.

The project is due for completion in 2021.

Dragon Towers is a part of the 11 million sq ft Dragon City project, a mixed-use master development that currently features Dragon Mart mall and Dragon Mart 2 – a Dhs1bn complex which opened in 2015, doubling the size of the original retail hub to more than 3.5 million sq ft.

The third phase of the project – nearing completion – will include a retail showroom with 18 units and a multi-storey car park for 900 vehicles – originally slated to open this year.

Nakheel said in 2016 that all of the 118,000 sq ft of leasing space had been booked.

Dragon City also includes two hotels – a 251-room ibis Styles that opened in February 2016 and a 304-room Premier Inn which will open in 2019.