Emaar Properties has awarded the construction contract for its upcoming Dubai Creek Residences project to Dubai-based Al Basti & Muktha (ABM), the developer announced on Wednesday.
Located in Dubai Creek Harbour, the project includes a complex of six residential towers that form part of The Island District.
The 30 to 40-storey residential towers with one-, two- and three-bedroom apartments have been launched to “strong investor response”, Emaar said. The units range in size from 900 to over 2,150 square feet and offer views of the creek, the Downtown Dubai skyline and the mangroves of the Ras Al Khor Wildlife Sanctuary.
The project is scheduled for handover in 2018.
Managing director of Emaar Properties Ahmad Al Matrooshi said: “Dubai Creek Residences forms the first residential complex in Dubai Creek Harbour and brings an unmatched value proposition for investors and end-use home-owners.
“The six towers assure an active, marina-centred lifestyle choice for residents, right in the heart of the city. With the construction contract awarded to ABM, we are underlining our commitment to deliver the homes as per schedule in 2018.”
Chairman of ABM Tushar Pathak added: “We will construct the project as per Emaar’s high specifications using the latest technological know-how and ensuring the highest quality finishes.”
The overall Island District will include a 4.5 km creek boardwalk and have over 1,000 guestrooms and over 600 luxury retail shops and cultural amenities.
It will also feature a marina, yacht club, ferry terminal creek pier, lighthouse and a harbour point.
Late last year Emaar also launched Creekside 18 Residences, a two-tower apartment complex within Island District. The project will include 480 residential units with one, two and three bedroom apartments in two 37-storey towers.
The Dubai Creek Harbour project, being developed by Emaar Properties as a joint venture with Dubai Holding, is located on a land area of six million square metres.
Located along the creek, the master-planned community is three times the size of Downtown Dubai.
It will include environmentally sustainable ecosystems, integrated transportation systems and green open parks. It will also include a dedicated retail precinct, pedestrian walkways, cultural amenities, educational facilities, healthcare centres and a range of leisure choices.