Diamond Developers to issue US$82 million tender for economic city project in Feb 2014

dubailand villa2 optDiamond Developers' in-house construction unit, Jeet Contracting, will build all the villas in the economic city. (Image source: Dubailand) Diamond Developers has announced plans to issue a US$82mn tender for the construction of a school, university and a planetarium at its economic city project in Dubailand, in February 2014

According to Zawya, the property developer’s chairman Faris Saeed said the company, however, would not issue tenders for the construction of the villas for the project.

“Jeet Contracting, our in-house construction arm, will be building all the 500 villas. We are expecting the building permit to come soon from the Dubai Municipality to start construction. We have planned to handover the first phase by end of 2014," Saeed said.

The US$300mn economic city project in Dubailand is expected to cover a build area of 464,515 sqm. The project will have eco-houses, a planetarium, organic farms and a Sustainable Engineering and Research Institute and Training Centre.

It will also have a long water canal with a tourist minaret, solar farms, among other developments, and all of the sewage water in this city is expected to be recyclable.

The city project has been scheduled for completion in 2015.

Other contractors working on the project include Modular Design Engineering Consultants, who is working on the residential components, while Al Ajmi Engineering is handling the development of retail stores and offices. Arif and Bintoak Consulting Architects and Engineers are the consultants for the planned school, country club, resort, sustainability centre and planetarium developments.

Saeed said homeowners will not have to pay service charges, community fees and maintenance fees for their villas as the community centre and retail components are expected to generate sufficient funds to meet the expenses.

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