Seven Tides seals $3.2bn villas deal
01 April 2018
Dubai-based property developer Seven Tides has signed a $3.2-billion agreement with the Philippines’ Revolution Precrafted for building condominium units and hotel villas on one of the artificial islands in The World Islands in Dubai.
The Philippines’ start-up will bring prefabricated structures on one of the artificial islands patterned after the global map, reported Entrepreneur Philippines.
Seven Tides was reported to have bought a cluster of the artificial islands that make up “South America”. The project will be erected on a 2.4-million-sq-m structure named after Coronation Island in Alaska.
Based on the agreement, Revolution Precrafted will manufacture and supply two- to three-bedroom prefabricated condominium apartments and hotel villas.
“The luxurious look and feel of the condominium apartments and hotel villas will further elevate the status of the World Islands as the playground for the most affluent,” Seven Tides CEO Abdulla Bin Sulayem said.
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