Dubai-based property developer Nakheel has broken ground on Dragon Towers, its AED713m ($194m) twin-building residential project at the Dragon City mixed-use community.
A month ago, Nakheel awarded a contract for AED552m ($150m) to UAE-based Ali Mousa & Sons Contracting to build the project, which is the first residential component at Dragon City.
The only high-rise in the area, the residential component is due for completion in 2021.
Dragon Towers, which went on sale in September 2018 with prices from AED449,000 ($122,238), is connected by a covered bridge to the Dragon Mart and its 5,000 shops, restaurants and attractions.
The project consists of two 37-storey buildings each with 571 one- and two-bedroom apartments. Two floors of retail space, four parking levels and a sixth-floor podium level Clubhouse with a 25-metre swimming pool, children’s pool, restaurant, gym and tennis court will also be provided.
The apartments, located on the Al Awir Road, can be easily accessed through a new interchange, and have good connectivity to Sheikh Mohammed bin Zayed Road. They are located a few minutes’ drive from Dubai International Airport.
The Dubai Metro Green Line extension and new Metro stations nearby will provide access to the rest of the city.
Dragon Towers is part of Nakheel’s retail, hospitality and residential expansion at Dragon City.
The Dragon City currently comprises sister malls Dragon Mart 1 and 2 and an ibis Styles hotel. A showroom and car park complex and a Premier Inn hotel are in under construction.
Earlier in October 2018, Nakheel launched a new collection of 147 luxury four-bedroom terraced homes at Jumeirah Park, with their own garden and private swimming pool.
The homes comprise spacious terraces, including an extensive rooftop entertainment area, a maid’s room, four and a half bathrooms and a double garage.
The new houses, spanning 3,807ft² and above, are located off Garn Al Sabka Street near Jumeirah Park retail pavilion and a school.
Construction is expected to begin in early 2019 and be completed in 2021.
Image: Dragon Towers. Photo: Courtesy of Nakheel PJSC.