Dubai Properties has appointed Dubai Contracting Company (DCC) as the main contractor for its 1/JBR project, a 46-storey tower that has a development value exceeding Dh1 billion.
The developer and the contractor held a signing ceremony at the site on Sunday to mark the start of the main construction on the tower, which will contain 161 two-, three-, and four-bedroom apartments, as well as some five-bedroom penthouses. The selling price of the two-bedroom apartments starts at Dh5.4 million.
The project is due for handover in the final quarter of 2019, which is later than the initial date given, but the Dubai Properties chief executive, Abdulla Lahej, said that “overall project upgrades have been done to enhance the overall efficiency and lifestyle experiences of discerning customers of this luxury development”.
“We invest time in heavy due diligence when planning our projects,” he said. “We partner with the best in the business and ensure each detail is honoured from contracting to execution.”
1/JBR was initially launched at the Cityscape Global conference in September 2015, and in March last year enabling works began at the site, which has its own private beach.
Ian Harper, a contracts director at DCC, said that it was “committed in every respect, to executing this project on budget, on time, in accordance with the specified standards and quality”.
A report published by broker JLL last month stated that Dubai’s residential property market is now “close to the bottom of the cycle”, with apartment prices dropping by just 1 per cent over the course of the past 12 months, with no change in value reported in the past quarter. Transaction volumes remain low, however, and average apartment rents dropped by 6 per cent over the course of the year.
mfahy@thenational.ae
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The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
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The specs
Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now
Chef Nobu's advice for eating sushi
“One mistake people always make is adding extra wasabi. There is no need for this, because it should already be there between the rice and the fish.
“When eating nigiri, you must dip the fish – not the rice – in soy sauce, otherwise the rice will collapse. Also, don’t use too much soy sauce or it will make you thirsty. For sushi rolls, dip a little of the rice-covered roll lightly in soy sauce and eat in one bite.
“Chopsticks are acceptable, but really, I recommend using your fingers for sushi. Do use chopsticks for sashimi, though.
“The ginger should be eaten separately as a palette cleanser and used to clear the mouth when switching between different pieces of fish.”
In numbers
1,000 tonnes of waste collected daily:
- 800 tonnes converted into alternative fuel
- 150 tonnes to landfill
- 50 tonnes sold as scrap metal
800 tonnes of RDF replaces 500 tonnes of coal
Two conveyor lines treat more than 350,000 tonnes of waste per year
25 staff on site
RACE CARD AND SELECTIONS
5pm: Maiden (PA) Dh80,000 1,200m
5,30pm: Wathba Stallions Cup Handicap (PA) Dh70,000 1,200m
6pm: The President’s Cup Listed (TB) Dh380,000 1,400m
6.30pm: The President’s Cup Group One (PA) Dh2,500,000 2,200m
7pm: Arabian Triple Crown Listed (PA) Dh230,000 1,600m
7.30pm: Handicap (PA) Dh80,000 1,400m
The National selections
5pm: RB Hot Spot
5.30pm: Dahess D’Arabie
6pm: Taamol
6.30pm: Rmmas
7pm: RB Seqondtonone
7.30pm: AF Mouthirah
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
Company%20profile
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UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
