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A Dh1 billion tender for the first phase of Emaar Properties' Arabian Ranches has been released.
The company also confirmed that while full-scale construction is underway at the project's location in Dubai, it will soon float a fresh round of tenders for the next phase of the project.
The multi-billion dirham desert resort is constructed around two world-class golf courses, equestrian and polo grounds, a network of man-made lakes and health spas covering an area of 3,000 acres.
The project - located at the intersection of three arterial roads to Abu Dhabi, Al Ain and Dubai - will be constructed in several segments.
The first release of the upscale one and two storey villas - from 3,165 to 5,300 square feet - is expected to be ready by 2004.
Over 14 local and international construction companies and consultancies have been awarded contracts for various components of the Arabian Ranches project.
These include Al Futtaim Tarmac for enabling and infrastructure works and potable water supply; Wade Adams for TSE irrigation water supply; Orient Irrigation for the desert, golf course and landscaping to the approach road, DCE for construction of the Arabian Ranches sales centre and Al Basti & Muktah Contracting Co for the construction of villas in the first phase, and SSP as its consultant.
A number of international equestrian consultants are also currently being considered for the design and supervision of the equestrian facility to complement the golfing facilities, which are being overseen by Canin Associates, Parsons International, IBF/ Nicklaus and Harradine Golf.
Issam Galadari, executive director, projects, Emaar Properties, said: "The Arabian Ranches is a project that is gigantic in proportion and is keeping strides with the burgeoning real-estate market in Dubai.
"This premium development is helping us create opportunities for other industries which provide valuable support to our project. These industries don't just support our developments, but also help in generating employment and revenue all around. We have enlisted the services of many local and international companies to provide the backbone to the entire project and we look forward to announcing fresh tenders for the next release very soon."
Villas are now on sale at the Arabian Ranches sales centre, which is open for business daily from 10:00am to 8:00pm.
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