Al Qabdah bags $109m contract to build residential project in UAE
October 13, 2017 – Al Qabdah Building Contracting has won an AED400m ($109m) contract from Jumeirah Golf Estates (JGE) to build a mid-market luxury residential community, known as Alandalus, in Dubai, UAE.
Under the terms of the contract, Al Qabdah will be responsible for constructing six apartment buildings (towers C-H).
The entire development, including 715 apartments, 95 townhouses as well as the retail centre, is scheduled to be completed prior to Expo 2020. The residential project will feature one to four-bedroom apartments as well as retail space.
The awarding of this contract will enable JGE to start phased handovers from third quarter of 2019, beginning with Tower C. Meanwhile, Towers A and B are on track to be handed over in the second quarter of 2018.
Jumeirah Golf Estates CEO Yousuf Kazim said: “Al Qabdah’s appointment is a sign of the rapid progress we are making on Alandalus, a community that introduced a new home concept to Dubai, combining luxury living with affordable prices in a highly desirable destination.
“We have sold out both of the launched apartment towers – a positive response that is testament to the success of Jumeirah Golf Estates’ approach to bringing the right type of product to the market at the right price.
“The unique property which is available with a flexible payment plan, is located on two Championship golf courses and has top quality finishings with each apartment presenting a seamless design and layout.
“With Al Qabdah’s trusted reputation for executing projects on schedule and to the highest quality, we are confident this development will further support our focus on quality.”