Dubai Pearl Inc awards AED498 million contract to DCC for construction of two office towers

Jamal Abu Issa, President of Dubai Pearl Inc, and Abdallah Yabroudi, Chairman of DCC, signed the agreement.

Scheduled for completion by mid-2008, the 55-storey office towers will be a key feature of the AED5.8 billion (US$1.6 billion) Dubai Pearl - a 10 million square foot 'self-contained community' that will take shape overlooking the base of The Palm Jumeirah. The office towers will rise to around 208 metres and establish Dubai Pearl as a prestigious business, residential and leisure destination in the GCC.

Describing the contract as a major step forward for the project, Abu Issa said: "Dubai Pearl will incorporate the most sophisticated design technologies to offer a world-class office environment. It is important that we partner with the right contractors such as DCC who understand our requirements and can help us achieve our ambitious goals."

"This contract win is a vote of confidence in DCC," explained DCC Chairman Abdallah Yabroudi. "Our association with this prestigious project underlines our leadership in the region's real estate industry."

The total area of both office buildings exceeds 1.7million leasable square feet. The towers will take 23 months to finish and groundbreaking by Swissboring starts this month.

Overlooking The Palm Jumeirah and adjacent to the Dubai Media and Internet Cities and Knowledge Village, Dubai Pearl will be a novel mix of residential, commercial, retail and leisure developments designed to reflect Dubai's multicultural character.

Dubai Pearl will feature four deluxe hotels, three residential buildings, two office towers, a comprehensive retail space, an exhibition area for IT shows and conferences, an art gallery, and the 1,800-seat Royal Hall theatre.