Plus Prop inks $109m SkyGardens contract
Abu Dhabi, August 5, 2008
Plus Properties, a leading property developer in Middle East, has signed a Dh400 million ($109 million) contract with Taahud General Contracting Company for construction of SkyGardens project, a waterfront property at Reem Island in Abu Dhabi.
The agreement was signed by Georges Chehwane, CEO of Plus Properties, and Adel Noueis, general director of Taahud General Contracting Company.
The deal with Taahud paves way for commencement of construction of SkyGardens, which is set to become the most prestigious waterfront tower dotting the Abu Dhabi skyline, said a Plus Properties official.
Taahud has quickly emerged as a major player in the local construction market, securing a string of prestigious projects.
The Abu Dhabi-based company’s core management team consists of reputed industry professionals who have decades of experience in the local and regional construction industry.
The SkyGardens is an iconic residential waterfront property designed by world-renowned architect James Law, and comprises a selection of one, two and three bedroom deluxe apartments, exclusive garden apartments and sky garden duplex villas.
Nestled in a quiet and upscale marina neighborhood at the Reem Island, the project is only a bridge away from downtown Abu Dhabi and just 20 minutes from the Abu Dhabi airport.
The duplex villas at the SkyGardens each come equipped with private swimming pools, suspended gardens and luxurious interior and exterior finishing.
All units of the project are conceived to have a sea view, and villas enjoy a 360 degree panoramic view extending from the sea to Abu Dhabi’s elegant skyline.
Enabling work on the SkyGardens project has already begun, and construction is set to commence shortly.-TradeArabia News Service
More Construction & Real Estate Stories
- Schneider Electric unveils new solar products
- Big demand for housing projects at KAEC
- Bahrain real estate prices slump
- Staff shortage hits Bahrain projects
- DWC to build new agent warehouses
- Arabtec appoints new HR officer
- Sodic appoints new financial officer
- Avant in distribution deal with Danube, Al Taif
- Egypt says disputes with Damac are resolved
- Abu Dhabi TDIC picks up Yardi voyager