Majid Al Futtaim development awards main contracts worth $817mln for Tilal Al Ghaf neighbourhoods

Majid Al Futtaim development awards main contracts worth $817mln for Tilal Al Ghaf neighbourhoods

Majid Al Futtaim Development, part of Majid Al Futtaim, announced on Monday the ground-breaking of two upcoming residential neighbourhoods within its flagship Tilal Al Ghaf flagship mixed development in Dubai.

The contracts, totalling 3 billion UAE dirhams ($817 million), have been awarded for Alaya and Elysian Mansions, with both neighbourhoods anticipated to be completed by mid-2026, the developer said in a press statement.

Innovo Build, a part of the ASGC group, is the primary contractor for the 94-unit Elysian Mansions, while UNEC is the main contractor for 130-unit Alaya villa development.

(Writing by P Deol; Editing by Anoop Menon)

([email protected])

Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© ZAWYA 2024