UAE developer Select Group has awarded construction contracts worth over AED3 billion ($816 million) to China State Construction Engineering Corporation (Middle East), Engineering Contracting Company (ECC Group), iBUILD Construction and Al Basti and Muktha (ABM) for the Peninsula One, Two and Three within its Peninsula Master Development in Business Bay and Six Senses Residences project on Palm Jumeirah. This involves the development of a total area of 10 million sq ft.

 

Spread over 1.2 million sq ft area, the Six Senses Residences development comprises penthouses, duplex sky villas and nine signature beachfront villas in addition to a Six Senses Hotel and Six Senses Place as well as a 60,000 sq ft premium wellness and leisure facility.

 

With construction well underway, excavation works completed and shoring in progress, the Six Senses Residences The Palm, Dubai project is on track for its scheduled completion next year. 

 

Following a record year in development launches and sales, Select Group said it has successfully awarded construction contracts for each of its recently launched projects to ensure "timely completion of its premium products." 

 

On the new contract awards, CEO and Founder Rahail Aslam said: "Ultra-luxurious projects such as Six Senses Residences The Palm, Dubai bring great minds together. Having sourced the best-in-class partners, such as architects and interior designers, to bring this project to fruition, we're thrilled to be working with iBUILD Construction and look forward to surpassing buyers' and investors' expectations."

 

As per the deal, iBUILD Construction will be responsible for delivering Six Senses Residences The Palm, Dubai, one of the last available plots on the West Crescent of Palm Jumeriah. 

 

iBUILD, a part of Innovo Holding, is renowned for delivering through its management and construction teams iconic projects such as Marsa Al Arab, Coca Cola Arena, Etihad Museum and other landmarks.

 

ABM will be at the forefront of delivering Peninsula Five, The Signature Collection, and the flagship of the development, Jumeirah Living Business Bay, a branded residence design by Killa Design, the mastermind designer behind Museum of the Future, stated the Dubai developer.

 

Early this year, China State Construction Engineering Corporation was awarded the Peninsula One and Peninsula Two developments, while most recently, ECC Group was successful in their bid to lead the development of Peninsula Three.

 

"Based on their track record and the shared commitment to delivering excellence, we are thrilled to partner with ABM, ECC Group and China State Construction Engineering Corporation, as well as sub-consultants and sub-contractors, to bring this landmark development to life," remarked Aslam.

 

Sameh Fam, the Managing Director of iBUILD Construction (Innovo Group) said: "We are excited to work on such iconic project with a key developer Select Group. We are proud to be the main contractor for the Six Senses Residences The Palm, Dubai project and are committed to delivering operational excellence, playing the role in creating a more sustainable community that will have a myriad of positive impacts."

 

"It is a privilege to add this landmark development to our portfolio of hospitality projects and we are looking forward to strengthening our cooperation with Select Group," noted Fam.

 

With four out of six towers completely sold out during the launch stage, the Peninsula Master Development in Business Bay marked a significant milestone for Select Group in 2022. 

 

Select Group has awarded contracts for the individual towers of this waterfront community, with works well underway and the completion of the master community scheduled for 2026, noted Aslam.

 

"After a successful year of sales for the Peninsula project, our key focus pivots to ensuring that we deliver on our promise both from a product perspective and timeline while adhering to our premium standards and applicable policies," he added.-TradeArabia News Service