Dubai-based diversified investment company Shamal has awarded the main works contract for Dubai Harbour Residences to Khansaheb Civil Engineering, reported TradeArabia.
The contract, valued at over Dh1bn ($272m), signifies a major step in the development of the premium beachfront project.
The project, once completed, promises low-rise living with sea and skyline views, offering a modern lifestyle.
Foundation works have been completed, ensuring seamless access to the beachfront.
The next phase of development with Khansaheb will commence immediately, in collaboration with H&H and architect Nikken Sekkei.
Abdulla Binhabtoor, the CEO of Shamal, which is the owner of Dubai Harbour, stated the company's commitment to reshaping urban living through long-term investments.
Binhabtoor said: "By appointing Khansaheb, we are ensuring that Dubai Harbour Residences is delivered with uncompromising quality and precision."
Khansaheb was reportedly selected as it has experience in executing complex projects.
Khansaheb chair Tariq Khansaheb said. "Our team is committed to delivering Dubai Harbour Residences to the highest standards."
The partnership aims to create a landmark destination that shapes future living.
H&H CEO Miltos Bossinis said: "The appointment of Khansaheb as the main works contractor marks a step forward in the development of the iconic Dubai Harbour Residences.
"This reflects steady progress on the project as it moves from planning to full-scale construction, bringing us closer to delivering a distinctive residential offering that combines elegant architecture with refined beachfront living."
"Shamal awards $272m Dubai Harbour Residences contract to Khansaheb" was originally created and published by World Construction Network, a GlobalData owned brand.
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