Dubai: Developer Nakheel is assessing five proposals, with bids starting at just under Dh900 million, for the construction of Dragon Towers, its twin-building residential complex at the Dragon City community in Dubai.
Nakheel expects to award the contract by the end of 2017, with construction completed in 2020. Dragon Towers comprises 1,140 one and two bedroom apartments across two buildings directly linked to the Dragon Mart retail and trading hub. The complex will have two retail floors, four parking floors and a podium level swimming pool, restaurant and gym.
Dragon Towers is a key element of Dragon City, Nakheel’s 1 million square metres mixed-use master development, currently best known for Dragon Mart.
The Dragon City transformation began in 2012 with the construction of Dragon Mart 2, which opened in 2015, doubling the size of the original Dragon Mart to more than 325,000 square metres.