Deyaar Development has appointed Belhasa Engineering and Contracting Company as the main contractor for its Midtown Afnan and Dania districts, in a contract worth $163 million (AED600m).
The 29-month contract will see Belhasa to build 1,238 apartment units in the Afnan and Dania districts of Deyaar’s Midtown project, located in Dubai Production City, near Sheikh Mohammed Bin Zayed Road.
The superstructure is expected to be completed by December 2018, with a target to reach 15 to 20 percent completion by the end of this year, Deyaar said.
“Belhasa has a proven track record of delivering quality, premium properties, making them the ideal partner for the next phase of Midtown’s Afnan and Dania districts,” said Saeed Mohammed Al Qatami, CEO of Deyaar Development.
“Midtown is proving to be a popular development with over 70% percent of properties already purchased off-plan, and we are eager to deliver in good time.”
Deyaar’s Midtown project has 27 buildings with a built-up area of almost five million square feet, offering studios, one-bedroom, two-bedroom and three-bedroom apartments.
In Midtown, the first two phases have been launched – the Afnan District with 659 apartments, and Dania District with 579 apartments.