DCC clinches contract to build 1/JBR
Dubai Contracting Company (DCC) has won the contract to build a new luxury sea-front tower in Dubai.
Work on 1/JBR has begun and the project is on track to complete by the end of 2019, developer Dubai Properties announced today.
Located at the entrance to Jumeirah Beach Residence (JBR), the 46-story tower will have 161 large units, ranging from two-bedroom apartments to five-bedroom penthouses.
The value of the deal was not revealed.
Abdulla Bin Lahej, Group CEO, Dubai Properties said: Our luxury portfolio of destinations is strategically developed to reinforce Dubais position as the capital of luxury on a global scale and we have carefully chosen our project partners for this development in order to ensure only the highest quality and specifications for the building works, as well as a timely project delivery.
DCC is a Dubai-based construction contractor with more than 50 years of experience in the region specialising in residential, commercial, mixed-use building, hospitality and leisure complexes.