Page 24 - Magazine April 2022

Construction
DAMAC’s ZADA Tower
completes superstructure works ahead of schedule
DAMAC Properties announced the completion of Approximately 23,910 cubic metres of concrete and
roof slab concrete works for ZADA Tower, a 26-storey 4,402 tonnes of steel were used to complete the
building located in Business Bay. While the balance superstructure works, and 580,840 man-hours were
superstructure works including the top roof and so far invested into construction works.
parapet were slated for completion in March 2022, Strategically located within a master-planned community
the developer completed them ahead of schedule in in Business Bay, ZADA offers world-class amenities
December 2021. such as a swimming pool, a children’s playground and
In October 2020, DAMAC awarded Trans Emirates a fitness centre, among others. Owing to its location
Contracting, LLC a contract worth AED 181,000,000 in one of Dubai’s most buzzing neighbourhoods,
to start main work construction of ZADA Tower. residents will be close to the best shopping, dining, and
“The milestone achievement and quick turnaround entertainment experiences in their vicinity.
time on the project is a testament to DAMAC’s ZADA’s milestone achievement coincides with a
perseverance and commitment to deliver projects property market rebound currently taking place
ahead of schedule, despite the challenges presented in Dubai. The real estate sector has witnessed an
by the Covid-19 pandemic,” Niall McLoughlin, Senior exceptional growth in sales transactions in terms of
Vice President at DAMAC, said. volume and value in the past few months.
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Construction News
Contractors News
60% completed at Sobha Hartland
8 million sqft waterfront community
has construction underway in three phases
Sobha Realty, the Dubai-based real estate developer, leading real estate developers in the UAE, we are
has announced that work is moving forwards at a delighted to serve such a large global clientele.”
steady pace on its flagship project, Sobha Hartland, “Indian, Chinese, and Emirati nationals make up
an 8 million sqft waterfront community featuring a mix the top three investors in Sobha Realty, followed
of luxury apartments, villas and high-end townhouses, by Russian, British, and Nigerian nationals,” he
with nearly 60% completed. stated.
Located in Mohammed Bin Rashid City in Dubai, the “Their trust is an indication of their confidence in
mixed-use project features 22 hectares of greenery, our luxury properties, as well as our commitment
constituting 30% of the entire project, a statement to delivering the highest standards of quality and
said. It added that the residential component of the design,” he added.
project will include freehold studios, one-, two-, and The masterplan also includes amenities such as
three-bedroom apartments, duplexes, townhouses, international schools, nurseries, healthcare facilities,
and four-, five-, and six-bedroom villas. swimming pools, tennis courts, yoga centres, gyms,
Construction is underway in three phases, the playgrounds and parks, it stated.
developer said. He added that Sobha Realty will look to continue
Managing Director Francis Alfred said: “The high level its success as it plans to begin work on another
of interest from expat investors for Sobha Realty development, valued at $4 billion, in the third quarter
properties is evident and inspiring. As one of the of this year due to growing investor demand.
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