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Dubai, UAE – October 26, 2023 – In a significant development for Dubai's burgeoning real estate sector and the luxury construction market, Shamal, a leading developer in the region, has awarded a substantial $272 million contract to Khansaheb Civil Engineering for the construction of its prestigious Dubai Harbour Residences. This landmark project solidifies Dubai's position as a global hub for high-end residential developments and highlights the growing confidence in the city's luxury real estate market. The announcement signals a major boost for the Dubai construction industry and underscores the continued growth of Dubai Harbour as a prime waterfront destination.

Dubai Harbour Residences: A Vision of Luxury Waterfront Living

The Dubai Harbour Residences project represents a significant investment in the future of Dubai’s skyline. Envisioned as a collection of ultra-luxury apartments and penthouses, the development promises unparalleled views of the Arabian Gulf and the iconic Dubai Marina. The project's strategic location within Dubai Harbour, a master-planned development boasting a state-of-the-art marina, world-class amenities, and stunning waterfront views, is a key factor in its appeal to high-net-worth individuals and discerning buyers. This project is expected to contribute significantly to the overall growth of Dubai’s luxury real estate market and attract further international investment.

Key Features of the Dubai Harbour Residences:

• Prime Waterfront Location: Direct access to the marina and breathtaking views.
• Luxury Apartments and Penthouses: Exquisitely designed residences with premium finishes.
• World-Class Amenities: Access to exclusive facilities including swimming pools, fitness centers, and concierge services.
• Sustainable Design: Integration of environmentally friendly building practices.
• Unparalleled Views: Panoramic vistas of the Dubai skyline, marina, and Arabian Gulf.

Khansaheb Civil Engineering: A Trusted Partner for Luxury Developments

The selection of Khansaheb Civil Engineering, a well-established and reputable construction company with a long track record of delivering high-quality projects in the UAE, underscores Shamal's commitment to excellence. Khansaheb boasts extensive experience in constructing large-scale, luxury residential developments, making them an ideal partner for this ambitious undertaking. Their reputation for timely delivery, meticulous attention to detail, and commitment to safety aligns perfectly with Shamal's vision for the Dubai Harbour Residences.

Khansaheb's Expertise and Track Record:

• Extensive Experience: Decades of experience in the UAE construction industry.
• Proven Track Record: Successful completion of numerous high-profile projects.
• Commitment to Quality: Unwavering dedication to delivering exceptional results.
• Safety First Approach: Implementing stringent safety protocols on all construction sites.
• Technological Advancement: Embracing innovative construction techniques and technologies.

Economic Impact and Future of Dubai's Real Estate Market

The $272 million contract represents a significant injection into Dubai's economy, creating numerous job opportunities and boosting the local construction industry. This project further solidifies Dubai's position as a leading global real estate market and signals continued investor confidence in the city’s long-term growth potential. The luxury residential sector in Dubai remains strong, with high demand from both domestic and international buyers.

Wider Implications for the Dubai Real Estate Market:

• Job Creation: Significant job opportunities for skilled and unskilled workers.
• Economic Growth: Boosting the local economy through increased investment and spending.
• Infrastructure Development: Contributing to the overall development of Dubai's infrastructure.
• Attracting Foreign Investment: Enhancing Dubai's appeal to international investors.
• Luxury Market Growth: Driving further growth in the luxury real estate sector.

The Significance of Dubai Harbour as a Prime Location

The strategic location of the Dubai Harbour Residences within the master-planned Dubai Harbour development is a crucial factor in its appeal. Dubai Harbour is rapidly transforming into a vibrant waterfront destination, attracting residents and tourists alike with its exceptional amenities and breathtaking views. This carefully planned development includes a state-of-the-art marina, luxury hotels, world-class restaurants, and a variety of recreational facilities. The project's location within this thriving community ensures that residents will enjoy a truly exceptional lifestyle.

Dubai Harbour's Unique Selling Points:

• State-of-the-Art Marina: A world-class marina with ample berthing capacity for yachts and boats.
• Luxury Hotels and Restaurants: Access to a wide range of high-end dining and accommodation options.
• Recreational Facilities: A variety of recreational activities and amenities for residents and visitors.
• Prime Waterfront Location: Unrivaled views of the Arabian Gulf and the Dubai skyline.
• Connectivity: Excellent access to major transportation links.

The Shamal-Khansaheb partnership on the Dubai Harbour Residences project marks a significant milestone for both companies and for Dubai's thriving real estate sector. The project’s scale and ambition showcase the ongoing confidence in Dubai's luxury property market and promise to deliver a truly exceptional residential experience. The combination of prime location, luxurious amenities, and a reputable construction partner positions this development as a highly desirable address within the heart of Dubai.