EMAAR announces AED 1 billion tender for first release of Arabian Ranches Development

The company has also confirmed that while full-scale construction is already underway at the project's unique desert location in Dubai, it will soon float a fresh round of tenders for the next release of the project.

Mr. Issam Galadari, Executive Director, Projects, EMAAR Properties, said: "The Arabian Ranches is a project that is gigantic in proportion and is keeping strides with the burgeoning real-estate market in Dubai.

"This premium development is helping us create opportunities for other industries which provide valuable support to our project. These industries don't just support our developments, but also help in generating employment and revenue all around. We have enlisted the services of many local and international companies to provide the backbone to the entire project and we look forward to announcing fresh tenders for the next release very soon."

More than 14 local and international construction companies and consultancies have been awarded contracts for various components of the Arabian Ranches project. These include Al Futtaim Tarmac for enabling and infrastructure works and potable water supply; Wade Adams for TSE Irrigation Water Supply; Orient Irrigation for the desert, golf course and landscaping to the approach road, DCE for construction of the Arabian Ranches Sales Centre and Al Basti & Muktah Contracting Company for the construction of villas in the first phase, and SSP as its consultant.

A number of international equestrian consultants are also currently being considered for the design and supervision of the equestrian facility to complement the golfing facilities, which are being overseen by Canin Associates, Parsons International, IBF/ Nicklaus and Harradine Golf.

The premium multi-billion dirham desert resort constructed around two world-class golf courses, equestrian and polo grounds, a network of man-made lakes and health spas covers an area of 3,000 acres.

The prestigious project, located at the intersection of three key arterial roads to Abu Dhabi, Al Ain and Dubai, will be constructed in several segments and the first release of luxurious one and two storey villas from 3,165 to 5,300 square feet, incorporating smart technology is expected to be ready by 2004.

Villas are now on sale at the Arabian Ranches Sales Centre, which is open for business daily from 10:00am to 8:00pm.

The community will also include other features such as riding trails with bicycle/pedestrian links to the golf resort. Top-class facilities and a luxury, Arabic themed courtyard residence resort will be some of the other highlights of this master planned community.

Besides Arabian Ranches, EMAAR currently has eight major real estate projects under development including Dubai Marina, Emirates Hills, The Lakes, The Meadows, The Springs, the Greens at the Emirates Golf Club, EMAAR Towers and the Gold & Diamond Park.

EMAAR also manages its fully owned subsidiaries - Amlak Finance, Dubai Bank, Sahm Technologies and a joint venture company - Emrill.

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