Habtoor Leighton Group (HLG) has secured a contract with the Al Habtoor Group worth AED1.45 billion (USD395 million) for the construction of the Residential Towers project as part of the landmark AED11 billion (USD3 billion) Al Habtoor City development in Dubai.
The Al Habtoor Residential Towers project is a mixed-use development located immediately adjacent to the proposed Business Bay creek extension (Dubai Water Canal). It includes:
On an adjacent site HLG is currently constructing the AED1.9 billion (USD515 million) Al Habtoor City hotel development, which will be the Middle East’s largest integrated resort when it is completed in 2016.
HLG’s associated business, HSSG, is currently undertaking the enabling works for the project. The total value of construction, including consultant costs and piling but excluding interior fit-out and furniture, is AED1.62 billion. Construction will commence as soon as enabling works are completed and the main project will be completed 32 months later.