Arabtec Holding has been awarded a Dhs222m ($60.4m) contract by Dubai Properties to build 352 new villas at is master planned Villanova project, the company has announced.
In a statement to the Dubai Financial Market, the firm said its construction arm will build the properties at the Amaranta project within Villanova at the intersection between Al Ain Road and Emirates Road in Dubai.
The villas are due to be built within 20 months, and are the fifth phase of works Arabtec has secured at Villanova. A Dhs1.025bn contract was awarded in December last year to build villas and townhouses in two communities within 28 months.
Arabtec’s group CEO Hamish Tyrwhitt said: “We are delighted that Dubai Properties continue to show confidence in Arabtec Construction through the award of our fifth phase at the Villanova Project, further building on our solid relationships in our core markets.”