Dubai: Sweid & Sweid awards AED250mn Banyan Tree Residences work to Civilco
UAE-based developer, Sweid & Sweid has appointed Civilco Civil Engineering & Contracting Company as the lead contractor on the first Banyan Tree Residences to be built in the Middle East.
Located on a large island overlooking The Emirates and Montgomerie golf courses, the project sits at the intersection of DMCC and Emirates Hills on Al Telal Street and is scheduled for completion in Q3 2019.
Maher Sweid, managing partner of Sweid & Sweid, said: “The selection was made based on Civilco’s proven track record of successfully executing high rise projects in Dubai and throughout the UAE, along with timely completion. Furthermore, Civilco boasts extensive experience in managing projects within busy residential areas including the Burj Khalifa District and JLT. Its strong financial standing and comprehensive network of experienced subcontractors and suppliers strengthen the company’s prequalification as the main contractor of choice.”
Nader Dahdal. area manager from Civilco, said: “Sweid & Sweid is an award-winning developer with exceptional standards. To be selected to complete this iconic development is a testament to our experience and expertise which will be key to ensuring Banyan Tree brand attributes are not compromised. We are very happy with the construction progress made to date. We’re on schedule to handover and be ready for the Q3 2019 deadline.”
Banyan Tree Residences will encompass 244 residences stretched over 32 storeys and include one-, two-, three-, and four-bedroom apartments, duplex apartments with private outdoor gardens, and three full-floor penthouses crowning the building. The single tower development is set within a gated community stretching over 110,000
The residents-only clubhouse and spa includes a state-of-the-art fitness centre, an authentic Banyan Tree spa experience, saunas, a squash court, and an expansive indoor children’s play area. Outdoors, the residents will enjoy a 31m resort-style swimming pool, a children’s pool, a children’s play area, and a poolside café, all set along the extensive outdoor green spaces with lush landscaping. Concierge and 24-hour security will be provided.
Arcan Project Management has also been appointed as project manager. Amid Jondi, MD of Arcan Project Management, said: “With decades of experience spanning countless towers, we are excited to be a part of this ground-breaking development where numerous components – including the amenities and views – make it a truly unique project in Dubai.”