Latest news with #DubaiHarbourResidences
Yahoo
9 hours ago
- Business
- Yahoo
Shamal awards $272m Dubai Harbour Residences contract to Khansaheb
Dubai-based diversified investment company Shamal has awarded the main works contract for Dubai Harbour Residences to Khansaheb Civil Engineering, reported TradeArabia. The contract, valued at over Dh1bn ($272m), signifies a major step in the development of the premium beachfront project. The project, once completed, promises low-rise living with sea and skyline views, offering a modern lifestyle. Foundation works have been completed, ensuring seamless access to the beachfront. The next phase of development with Khansaheb will commence immediately, in collaboration with H&H and architect Nikken Sekkei. Abdulla Binhabtoor, the CEO of Shamal, which is the owner of Dubai Harbour, stated the company's commitment to reshaping urban living through long-term investments. Binhabtoor said: "By appointing Khansaheb, we are ensuring that Dubai Harbour Residences is delivered with uncompromising quality and precision." Khansaheb was reportedly selected as it has experience in executing complex projects. Khansaheb chair Tariq Khansaheb said. "Our team is committed to delivering Dubai Harbour Residences to the highest standards." The partnership aims to create a landmark destination that shapes future living. H&H CEO Miltos Bossinis said: "The appointment of Khansaheb as the main works contractor marks a step forward in the development of the iconic Dubai Harbour Residences. "This reflects steady progress on the project as it moves from planning to full-scale construction, bringing us closer to delivering a distinctive residential offering that combines elegant architecture with refined beachfront living." "Shamal awards $272m Dubai Harbour Residences contract to Khansaheb" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Arabian Business
11 hours ago
- Business
- Arabian Business
Dubai real estate: Shamal awards $272mn contract for Dubai Harbour Residences
Dubai-based investment firm Shamal has appointed Khansaheb Civil Engineering as the main works contractor for Dubai Harbour Residences in a deal worth over AED 1 billion. The contract award marks a milestone in the development of the beachfront residential project, with construction set to begin immediately following the completion of foundation works and beachfront formation. Khansaheb Civil Engineering, established in 1935, will collaborate with development partner H&H and architect Nikken Sekkei on the project, which will feature low-rise beachfront homes with sea and skyline views. Dubai Harbour Residences construction begins with billion-Dirham Khansaheb contract award 'At Shamal, we are committed to shaping the future of urban living through long-term investments that redefine how people engage with the city. The commencement of main works at Dubai Harbour Residences marks a significant milestone in our journey to create new vibrant communities and world-class destinations. This partnership exemplifies our meticulous approach to selecting collaborators who not only meet our standards but share our ambition for excellence and innovation. By appointing Khansaheb, a world-class partner with a proven track record of delivering some of Dubai's most iconic developments, we are ensuring that Dubai Harbour Residences is delivered with uncompromising quality and precision, reinforcing our vision for a vibrant, sophisticated beachfront community that stands the test of time,' Abdulla Binhabtoor, Chief Executive Officer, Shamal said. Dubai Harbour spans a seafront district that includes luxury living, retail, hospitality, and maritime infrastructure. The development is anchored by a marina that features dining options and sea views. A 1,500-metre bridge is under construction in partnership with Dubai's Roads and Transport Authority (RTA). The bridge will provide access to Dubai Harbour from Sheikh Zayed Road, reducing travel time to the district. 'We are proud to partner with Shamal on this visionary project to bring to life beachfront living like never before, that reflects a shared commitment to excellence and innovation. Our team is committed to delivering Dubai Harbour Residences to the highest standards, ensuring quality, precision, and craftsmanship at every stage. Together with Shamal, we aim to bring to life a landmark destination, a sophisticated and timeless beachfront and maritime lifestyle that will shape the future of living for generations to come,' Tariq Khansaheb, Chairman, Khansaheb Civil Engineering added. The development aligns with Dubai's Urban Master Plan 2040 and represents Shamal's commitment to mirroring the city's energy and ambition through design and value. Dubai Harbour sits over 30 kilometres from Dubai International Airport (DXB) and Dubai World Central Airport (DWC). The district is within reach of attractions including Palm Jumeirah, Burj Al Arab, and Expo City. The district houses Dubai Harbour Marinas, described as the region's marina, the Dubai Harbour Cruise Terminal with two terminal buildings, and Skydive Dubai. Dubai Harbour won the World's Best New Cruise Development at the World Cruise Awards 2021. Dubai Harbour Marinas received 5 Gold Anchor accreditation, along with titles for Clean Marinas and Super Yacht Ready by The Yacht Harbour Association. The marina secured all three accreditations simultaneously, marking what the company describes as a world-first achievement. The district hosts events throughout the year, including the Dubai International Boat Show, which play a role in connecting the city to the sea. 'The appointment of Khansaheb as the main works contractor marks a step forward in the development of the iconic Dubai Harbour Residences. This reflects steady progress on the project as it moves from planning to full-scale construction, bringing us closer to delivering a distinctive residential offering that combines elegant architecture with refined beachfront living,' Miltos Bossinis, Chief Executive Officer of H&H explained. Shamal operates a portfolio that includes master communities, districts, residences, retail hubs and commercial spaces. The firm's developments include Dubai Harbour and Nad Al Sheba Gardens. The company's hospitality investments span properties and operations including Jumeirah Zabeel Saray, Hart Shoreditch Hotel London, Baccarat Hotel & Residences Dubai, SUSHISAMBA and Five Guys. Khansaheb Civil Engineering provides construction services including building construction, interior fit-out and joinery, MEP installations, and roads and infrastructure development. The company operates its own plant, equipment, and asphalt plant. H&H, founded in 2007, operates as a developer, asset manager, and investor in Dubai's real estate market. The company's projects include Eden House, the Four Seasons Hotel Dubai at International Financial Centre (DIFC), and the Four Seasons Resort Dubai at Jumeirah Beach.
Zawya
20 hours ago
- Business
- Zawya
Shamal awards $272mln Dubai Harbour Residences main works contract
Shamal, the Dubai-based diversified investment firm and owner of Dubai Harbour, has awarded the main works contract worth over AED1 billion ($272 million) for its premium project Dubai Harbour Residences to Khansaheb Civil Engineering. Dubai Harbour Residences will offer low-rise beachfront living of well-designed homes, sea and skyline views, and a lifestyle that balances comfort, connection, and modern elegance, said the developer. Foundation works are currently completed, along with the formation of the beachfront, ensuring that Dubai Harbour Residences will enjoy a direct and seamless access to a premium beachfront lifestyle. The next development phase with Khansaheb will begin immediately, collaborating closely with the project's development partner, H&H, as well as internationally acclaimed architect Nikken Sekkei, it stated. "At Shamal, we are committed to shaping the future of urban living through long-term investments that redefine how people engage with the city," remarked its CEO Abdulla Binhabtoor. "The commencement of main works at Dubai Harbour Residences marks a significant milestone in our journey to create new vibrant communities and world-class destinations," he stated. This partnership exemplifies our meticulous approach to selecting collaborators who not only meet our standards but share our ambition for excellence and innovation. "By appointing Khansaheb, a world-class partner with a proven track record of delivering some of Dubai's most iconic developments, we are ensuring that Dubai Harbour Residences is delivered with uncompromising quality and precision, reinforcing our vision for a vibrant, sophisticated beachfront community that stands the test of time," he added. A leading contractor in the region, it is known for its ability to execute complex, design-led projects with precision and timeliness. On the contract win, Chairman Tariq Khansaheb said: "We are proud to partner with Shamal on this visionary project to bring to life beachfront living like never before, that reflects a shared commitment to excellence and innovation. "Our team is committed to delivering Dubai Harbour Residences to the highest standards, ensuring quality, precision and craftsmanship at every stage. "Together with Shamal, we aim to bring to life a landmark destination, a sophisticated and timeless beachfront and maritime lifestyle that will shape the future of living for generations to come," he stated. Miltos Bossinis, the Chief Executive Officer of H&H said: "The appointment of Khansaheb as the main works contractor marks a step forward in the development of the iconic Dubai Harbour Residences." "This reflects steady progress on the project as it moves from planning to full-scale construction, bringing us closer to delivering a distinctive residential offering that combines elegant architecture with refined beachfront living," he added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
