ABYAAR/NSAIC – Acacia Avenues Residential Tower Development – Dubai - Project Profile

Synopsis


"ABYAAR/NSAIC Acacia Avenues Residential Tower Development Dubai - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "ABYAAR/NSAIC Acacia Avenues Residential Tower Development Dubai - Project Profile" is part of Timetrics database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary


Abyaar Real Estate Development Company (ABYAAR) is undertaking the construction of Acacia Avenues Residential Tower Development project at Jumeirah Beach Road in Dubai, the UAE.

ABYAAR, in partnership with Naif Saleh Alrajhi Investment Company (NSAIC), is undertaking the Hilliana Tower.

The project involves the construction of two residential towers on a 94,000m2 area.

It includes the construction of a 43-story Olgana tower comprising 244 apartments and a 30-story, 104m high Hilliana Tower comprising 174 apartments.

Atkins has been appointed as design consultant, Matteo Nunziati as interior designer and Turner International as PMC contractor.

In July 2007, Dubai Islamic Bank provided US$34 million fund for the project.

Middle East Foundations was awarded a US$6.8 million piling contract for a twin residential tower project in October 2007. The construction contract of the Olgana and Hilliana towers was awarded to the Habtoor Construction Company in the first quarter of 2008.

The construction works commenced in April 2008. Whereas the construction work for Olgana tower was put on hold in the year 2009 due to unannounced reasons.

In October 2013, shell and core work on Hilliana Tower was completed.

In December 2013, ABYAAR resumed construction works.

Abyaar received fund from one of the private banks to fund Olgana Tower.

In May 2015, construction works on the Hilliana tower completed.

In January 2017, 60% construction works on Olgana tower completed.

As of May 2018, Final construction works are underway.

Scope


The Acacia Avenues project involves the construction of two residential towers on a 94,000m2 area at Jumeirah Beach Road in Dubai, the UAE.

The US$385 million project includes the following:

1. Construction of a 43-story Olgana tower comprising 244 apartments

2. Construction of a 30-story Hilliana tower comprising 174 apartments

3. Construction of health club

4. Construction of a spa

5. Construction of communal pools

6. Construction of parking space

7. Construction of related facilities

8. Installation of elevators and safety systems

Reasons To Buy


Gain insight into the project.

Monitor the latest project developments.

Identify key project contacts.


1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix


ABYAAR/NSAIC – Acacia Avenues Residential Tower Development – Dubai - Project Profile

Synopsis ABYAAR/NSAIC Acacia Avenues Residential Tower Development Dubai - Project Profile contains information on the scope of the project including project overview and location. The profile also details project

USD 75 View Report

ABYAAR/NSAIC – Acacia Avenues Residential Tower Development – Dubai - Construction Project Profile

Synopsis ABYAAR/NSAIC Acacia Avenues Residential Tower Development Dubai - Construction Project Profile contains information on the scope of the project including project overview and location. The profile also details

USD 75 View Report

ABYAAR/NSAIC – Acacia Avenues Residential Tower Development – Dubai - Construction Project Profile

Synopsis ABYAAR/NSAIC Acacia Avenues Residential Tower Development Dubai - Construction Project Profile contains information on the scope of the project including project overview and location. The profile also details

USD 75 View Report

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