14:00 02.08.2007 | All news from "Real Estate News"

$216m Business Avenue contract

The local General Construction Company has won a $216m contract to build towers at the Business Avenue project at Jumeirah Lakes, Dubai. Al Mazaya Holding is the developer. Business Avenue comprises three 45-storey commercial towers. Two of the towers are sold; one for $111m to Hilal Al Zarooni Group and Dynasty Enterprises, the other to Baraq Group for $109m. Al Mazaya will let the third tower. The project is due to be completed by the end of 2009.

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