{"id":18564,"date":"2016-07-04T22:07:30","date_gmt":"2016-07-04T15:07:30","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=18564"},"modified":"2016-07-04T20:19:44","modified_gmt":"2016-07-04T13:19:44","slug":"emaar-awards-dh500-million-contract-for-opera-grand-tower-in-downtown-dubai","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-awards-dh500-million-contract-for-opera-grand-tower-in-downtown-dubai\/","title":{"rendered":"Emaar awards Dh500 million contract for Opera Grand Tower in Downtown Dubai"},"content":{"rendered":"


\nEmaar Properties has awarded a Dh500 million contract to build the Opera Grand Tower in Downtown Dubai to Athens-based Consolidated Contractors Company, according to Meed.Meed said the tower would be 65 to 70 storeys high and that 56 of these would be residential floors. The tower will form part of the new Opera District, which will overlook the Dubai Opera House that is set to open its doors at the end of next month.Neither the developer nor the contractor replied to a request for comment. However, Janus Rostock, the regional design director of Atkins, which designed the Opera House and masterplanned the district, said that there was room for “eight to 10” new towers within the Opera District.Mr Rostock said the master plan had been centred on “creating an alternative to what’s currently in the Downtown area” based on cultural attractions, with the potential for new performing arts schools, galleries and jazz clubs to be added to the 2,000-capacity Opera House and the new towers proposed for the area. The new Opera House will have a large public plaza towards the Boulevard and an amphitheatre to the rear, which has been built by landscaping over the maintenance building for the nearby lake and fountains. Mr Rostock also said the site would also have bridges to The Dubai Mall on one side, enhancing the size of the area for viewing Downtown’s lakes and fountains, while on the other it plugged a space between the Burj Khalifa and the remainder of Mohammed bin Rashid Boulevard’s restaurants and apartment buildings, creating a more pedestrian-friendly district.”It closes the circle around the Boulevard. Today that part of the district is like a missing tooth, and this is filling that.”Meanwhile, the UK contractor Kier has picked up \u00a375m (Dh366m) worth of new contracts in Dubai – \u00a360m of which are for the affordable housing developer Nshama. The company said that it had been chosen as preferred bidder for an \u00a311m project to build infrastructure at Nshama’s Town Square project and a \u00a349m accommodation project for the same developer, with the latter being funded by UK Export Finance – an export credit agency that allows contractors to offer funding lines to clients.Kier has also secured a \u00a315m infrastructure project for Meraas Holding.David Clifton, the regional business development director of Faithful and Gould, said that the second half of this year “is seen as a likely accelerator in development” in the UAE construction market, as projects linked to Dubai’s Expo 2020 get off the ground. In a new construction intelligence report produced on the market, Mr Clifton said there was potential for several significant announcements to be made by Emaar Properties regarding projects at its Dubai Creek Harbour scheme. These “represent a potential skew in the market if launched concurrently, as this will drive market sentiment and inflation,” he said.”However, given Abu Dhabi’s halt in awards, the market is still below levels expected to maintain the industry.” mfahy@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Emaar awards Dh500 million contract for Opera Grand Tower in Downtown Dubai<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Emaar Properties has awarded a Dh500 million contract to build the Opera Grand Tower in...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-18564","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-4Pq","jetpack-related-posts":[{"id":22195,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-unveils-act-one-act-two-apartment-project-in-dubai-opera-district\/","url_meta":{"origin":18564,"position":0},"title":"Emaar unveils Act One, Act Two apartment project in Dubai Opera District","date":"August 7, 2016","format":false,"excerpt":"\r Dubai's Emaar Properties has unveiled another two-tower project in the Opera District in Downtown Dubai. The company said that the towers will be 52 storeys and 46 storeys high, and called Act One and Act Two respectively. The towers will contain a combined 718 new residential units as well\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18706,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-emaar-launches-il-primo-opera-district-apartments-at-harrods\/","url_meta":{"origin":18564,"position":1},"title":"Dubai's Emaar launches Il Primo Opera District apartments at Harrods","date":"July 5, 2016","format":false,"excerpt":"\r Emaar Properties has begun selling new \"lateral\" apartments taking up either half or a whole floor of a new 77-storey tower at the Opera District in Downtown Dubai.The Il Primo apartments have gone on sale at a marketing suite within the famous Harrods Department store in London, with the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18716,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-introduces-lateral-living-next-to-dubais-burj-khalifa-in-pictures\/","url_meta":{"origin":18564,"position":2},"title":"Emaar introduces 'lateral living' next to Dubai's Burj Khalifa – in pictures","date":"July 5, 2016","format":false,"excerpt":"\r Emaar's new \"lateral\" apartments take up either half or a whole floor of a new 77-storey tower at the Opera District in Downtown Dubai. They feature stunning views of the area.\r \r Source : thenational.ae\r Read more...Emaar introduces 'lateral living' next to Dubai's Burj Khalifa - in pictures","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22197,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-unveils-luxury-residential-scheme-in-downtown-dubai\/","url_meta":{"origin":18564,"position":3},"title":"Emaar unveils luxury residential scheme in Downtown Dubai","date":"August 7, 2016","format":false,"excerpt":"\r Act One | Act Two comprises 718 apartments overlooking Burj Khalifa and Dubai Opera\r \r Source : arabianbusiness.com\r Read more...Emaar unveils luxury residential scheme in Downtown Dubai","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7366,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/street-of-dreams-in-dubai-hills-is-ready-for-clients-says-emaar\/","url_meta":{"origin":18564,"position":4},"title":"Street of Dreams in Dubai Hills is ready for clients, says Emaar","date":"March 10, 2016","format":false,"excerpt":"\r \r The first units at the 11 million square metre Dubai Hills project in Mohammed bin Rashid City will be handed over to clients within the next few months. The units due for handover are at the Street of Dreams - some of the biggest villas in the middle\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24547,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-considers-new-sukuk-to-fund-projects\/","url_meta":{"origin":18564,"position":5},"title":"Emaar considers new sukuk to fund projects","date":"August 31, 2016","format":false,"excerpt":"\r Emaar Properties, Dubai's biggest listed developer, is looking to issue a new Islamic bond as it seeks to raise funds to deliver billions of dirhams worth of projects.In a statement to the Dubai bourse on Wednesday, the Burj Khalifa builder said it had selected 10 banks to act as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/18564"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=18564"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/18564\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=18564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=18564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=18564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}